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Questions and Answers
What is the focus of Macroeconomics?
What is the focus of Macroeconomics?
- Price determination in cars
- Individual income and saving decisions
- The study of a national economy as a whole (correct)
- Number of workers to be hired in poultry farms
Which field of economics deals with the production and consumption of goods and services?
Which field of economics deals with the production and consumption of goods and services?
- Monetary economy
- Microeconomics (correct)
- Economic growth rate
- Macroeconomics
Who is considered the father of modern macroeconomics?
Who is considered the father of modern macroeconomics?
- Karl Marx
- Adam Smith
- Milton Friedman
- John Maynard Keynes (correct)
What does Macroeconomics distinguish between?
What does Macroeconomics distinguish between?
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Which economic concept refers to the study of economics at an individual or company level?
Which economic concept refers to the study of economics at an individual or company level?
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What is one of the themes in Economics according to the text?
What is one of the themes in Economics according to the text?
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