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ECO/365 ECO365 FINAL EXAM (SCORE 100%)
Category : Economics
Posted on 10/14/2014 at 11:57:01 AM
 
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ECO/365 ECO365 FINAL EXAM (SCORE 100%)
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Posted on 10/14/2014 at 11:57:01 AM
 
Posted By : Bestmind
   
 
A:
1) An economist who is studying the relationship between the money supply, interest rates, and the rate of inflation is engaged in A. microeconomic research B. macroeconomic research C. theoretical research, because there is no data on these variables D. empirical research, because there is no economic theory related to these variables 2) A basic difference between microeconomics and macroeconomics is that microeconomics A. focuses on the choices of individual consumers, while macroeconomics considers the behavior of large businesses B. focuses on financial reporting by individuals,

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