Which of the following does macroeconomics endeavor to answer?i.   What role does the government play in recessions, booms, and determining the rate of inflation?ii.  What caused the currency crises in Mexico in the mid-1990s and in many Asian economies at the end of the 1990s?iii. How does a dairy farmer react to rising milk prices?Question 1AnswerSelect one:a.i and iib.i, ii, and iiic.ii onlyd.iii onlye.i and iii

What factors do NOT significantly influence macroeconomics of a country?Question 4Answera.Economic Output such as Gross Domestic Productb.Inflationc.Unemployment Ratesd.Cost of Production of goods and servicese.Fiscal and trade policies

Which one of the following is a macroeconomic issue?Question 4Answera.A sharp rise in the price of vegetablesb.A shortage of maths teachersc.A surplus of tomatoes in a cityd.A rise in the inflation rate

Classify the following issues as relating to microeconomics or macroeconomics.a. A family’s decision about how much income to save.b. The effect of government regulations on auto emissionsc. The impact of higher national savings on economic growthd. A firm’s decision about how many workers to hire.e. The relationship between the inflation rate and changes in the quantity of money

5.What monetary policy measure did the US Federal Reserve implement to stimulate the economy during the economic meltdown?  A. Decreasing interest rates  B. Increasing taxes  C. Reducing government spending  D. Implementing trade tariffs

Monetary policy affectsQuestion 5Answera.all of the above.b.interest rates.c.inflation.d.business cycles.