Macroeconomics Is Based on Microeconomics for All of the Following

question 57

Multiple Choice

Macroeconomics is based on microeconomics for all of the following reasons except:

• A) when we study the economy as a whole, we must consider the decisions of individual economic actors.
• B) aggregate variables are simply the sum of variables describing many individual decisions.
• C) macroeconomic decision makers, when they make their choices, are required to maximize utility functions.
• D) to understand the determinants of aggregate investment, we must think about a firm's deciding whether to build a new factory.

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Definitions:

Conscientiousness Factor

A personality trait characterized by being thorough, careful, or vigilant; it implies a desire to do a task well.

Teams Competency

The range of skills and abilities that a team possesses in order to perform effectively.

Extraversion

A personality trait characterized by outgoingness, sociability, and a high level of activity.

Hope

A feeling of expectation and desire for a certain thing to happen.