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(answered) – 1) Macroeconomics deals with ________ while microeconomics deals

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(answered) – 1) Macroeconomics deals with ________ while microeconomics dealsDescriptionSolution downloadThe QuestionI have an attachment. ?Can you please help.1) Macroeconomics deals with ________ while microeconomics deals with ________.A) choices important to people; choices not important to peopleB) economywide choices; choices of individualsC) choices that involve money; choices that does not involve moneyD) choices of rich people; choices of poor people1) Macroeconomics deals with ________ while microeconomics deals with ________.A) choices important to people; choices not important to peopleB) economywide choices; choices of individualsC) choices that involve money; choices that does not involve moneyD) choices of rich people; choices of poor people2) Which of the following statements concerning the distinction between positive and normativeeconomics is true?A) Positive statements are concerned with what is, while normative statements are concerned with whatsomeone thinks should be.B) Positive statements are concerned with what people think, while normative statements are concernedwith what people do.C) Positive statements are true while normative statements are false.D) Positive statements are concerned with what is while normative statements are concerned with whatwill be.3.Which one of the following individuals is NOT counted as unemployed?A) a recent college graduate currently without any employment and looking for her first full-time jobB) a 35-year-old woman fired from her prior work because of poor performance and looking for anotherjobC) a 50-year-old woman laid off from her former job because of a downturn in the company’s sales andlooking for another jobD) a 22-year-old aspiring actress currently without any show business employment, but workingtemporarily as a waitress while she auditions for acting jobs4) Which of the following price indexes is designed to measure changes in the prices of goods andservices purchased by a typical individual?A) Producer Price IndexB) Gross Domestic Product (GDP) DeflatorC) Index of Leading Economic IndicatorsD) Consumer Price Index5) If a bank advertises 3 percent interest for a checking account and the anticipated rate of inflation is 3.5percent,A) the real rate of interest earned on the account is 0.5 percent.B) the real rate of interest earned on the account is -0.5 percent.C) the real rate of interest earned on the account is 6.5 percent.D) the real rate of interest earned on the account is 3.25 percent.6) Which of the following statements is FALSE regarding GDP?A) GDP excludes nonmarket production.B) There are no significant weaknesses in using GDP as a measure of the nation’s economic performance.C) GDP is the value of final goods and services produced in the economy.D) GDP is not a measure of a nation’s overall welfare.7) National IncomeA) adds the dollar value of final goods and services produced in an economy.B) adds the income received by all factors of production.C) adds the dollar value of final goods and services produced in an economy but excludes durableconsumer goods since they last more than a year.D) adds the income received by all factors of production but excludes profits since profits are a cost ofproduction.8) If nominal Gross Domestic Product (GDP) in 2013 was $8 trillion, and the price level index was 130,then real Gross Domestic Product (GDP) was aboutA) $6.2 trillion.B) $0.062 trillionC) $10.4 trillionD) $16.25 trillion9) The aggregate demand curve shows that, if other factors are held constant,A) higher price levels will result in lower total planned spending.B) higher price levels will result in higher total planned spending.C) higher price levels will result in lower interest rates.D)