Which of the following is a microeconomics statement?
A. The real domestic output increased by 2.5 percent last year
B. Unemployment was 9.8 percent of the labor force last year
C. The price of wheat determines its demand
D. The general price level increased by 4 percent last year
Answer:C
Which of the following is a microeconomics statement?
A. The real domestic output increased by 2.5 percent last year B. Unemployment was 9.8 percent of the labor force last year C. The price of wheat determines its demand D. The general price level increased by 4 percent last year