Which Outcome Is Not Part of the Fundamental Macroeconomic Question

question 175

Multiple Choice

Which outcome is not part of the fundamental macroeconomic question?

• A) a strong Canadian dollar
• B) stable prices
• C) low unemployment
• D) full employment
• E) steady growth in living standards

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Definitions:

Normal Good

An item for which demand increases as the income of consumers increases, showing a direct relationship between income and demand.

Income Elasticity

A measure of how much the demand for a good changes as the income of consumers changes.

Normal Good

A good for which demand increases as the income of consumers increases, showing a positive correlation between income and demand.

Pizza

A popular dish of Italian origin consisting of a round, flattened base of leavened wheat-based dough topped with tomatoes, cheese, and often various other ingredients.