Which of the following statements most likely lies within the realm of microeconomics?
A. Unemployment rises during a recession and falls during an expansion.
B. An increase in government spending will increase the aggregate demand for goods and services in the economy.
C. A rapid acceleration of the supply of money may create inflation.
D. An increase in labor costs will increase the additional cost of producing another bus.
Answer:D
Which of the following statements most likely lies within the realm of microeconomics?
A. Unemployment rises during a recession and falls during an expansion. B. An increase in government spending will increase the aggregate demand for goods and services in the economy. C. A rapid acceleration of the supply of money may create inflation. D. An increase in labor costs will increase the additional cost of producing another bus.
Explanation: 20. Macroeconomic topics do not usually include: