A) the unemployment rate
B) the inflation rate
C) gross domestic product
D) the trade deficit
F) A) and D)
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A) the decisions of individual households and firms.
B) the interaction between households and firms.
C) economy-wide phenomena.
D) regulations imposed on firms and unions.
F) A) and B)
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C
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A) Why do prices in general rise by more in some countries than in others?
B) Why do wages differ across industries?
C) Why do national production and income increase in some periods and not in others?
D) How rapidly is GDP currently increasing?
F) A) and C)
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A) explaining how changes in sellers' behavior affect prices of a particular good.
B) explaining price changes in a particular market.
C) explaining why the unemployment rate is higher.
D) All of the above are correct.
F) All of the above
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A) Unemployment rate falls from 7.5 percent to 7.3 percent.
B) Real GDP falls by 0.4 percent in the third quarter.
C) Inflation was 2.4 percent last year.
D) The price of gasoline rises due to rising oil prices.
F) A) and C)
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D
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A) the effect of taxes on the prices of airline tickets,and the profitability of automobile-manufacturing firms
B) the price of beef,and wage differences between genders
C) how consumers maximize utility,and how prices are established in markets for agricultural products
D) the percentage of the labor force that is out of work,and differences in average income from country to country
F) A) and B)
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D
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