Which Is a Macroeconomic Decision

question 136

Multiple Choice

Which is a macroeconomic decision?

• A) How you divide your spending between food and clothing.
• B) You decide to buy a hybrid car in order to protect the environment.
• C) The Bank of Canada decides to raise interest rates.
• D) Whether or not you adopt a pet.
• E) How many hours a week you will work at a wage of $20 an hour.

---

Definitions:

Labor Unions

Organizations formed by workers from related fields that work for the collective bargaining of wages, benefits, working conditions for their membership, and engaging in negotiations with employers.

American Institution

An organization or establishment that is important to the economic, political, social, or cultural fabric of the United States.

Early 20th Century

A period marked by significant global events, including World War I and the start of the Great Depression, that spanned from 1901 to 1930.

Company Towns

Communities where all stores and housing are owned by the one company that is also the main employer, often seen in remote locations or during certain historical periods.