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Is it Macro or Micro?
Is it Macro or Micro?
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Differentiating between macro and micro #economics *questions from Mankiw's PoE text and imf.org
Flashcards
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Questions
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Answers
1
A _____ might study alternative policies to promote growth in national living standards.
Macroeconomics
Microeconomics
2
A _____ might study the effects of borrowing by the federal government.
Microeconomics
Macroeconomics
3
...is based on models of consumers and firms on what to buy/sell/produce
Microeconomics
Macroeconomics
4
Studying the role government plays in contributing to overall economic growth is considered...
Macroeconomics
Microeconomics
5
A _____ might study the effects of mandatory school attendance on workers' earnings.
Microeconomics
Macroeconomics
6
A _____ might study the effects of rent control on housing in Chicago.
Macroeconomics
Microeconomics
7
...is the study of economics in the "long-run" or "big picture"
Macroeconomics
Microeconomics
8
...is concerned with how supply & demand interact in individual markets for goods and services
Macroeconomics
Microeconomics
9
A firm's decision about how many workers to hire is:
Macroeconomics
Microeconomics
10
...takes a "top-down" approach in analyzing economics
Microeconomics
Macroeconomics
11
...is concerned with how the overall economy works
Macroeconomics
Microeconomics
12
The effect of government regulations on auto emissions is:
Microeconomics
Macroeconomics
13
A _____ might study the changes over time in the economy's rate of unemployment.
Macroeconomics
Microeconomics
14
Employment, gross domestic product, and inflation is:
Microeconomics
Macroeconomics
15
...takes a "bottom-up" approach in analyzing economics
Microeconomics
Macroeconomics
