Multiple Choice
An increase in government spending with no change in taxes leads to a:
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1. Introduction to Macroeconomics
Introduction to Economics
Struggling with Macroeconomics?
Join thousands of students who trust us to help them ace their exams!Watch the first videoMultiple Choice
Which of the following is NOT typically considered a topic in macroeconomics?
A
Gross Domestic Product (GDP)
B
National unemployment rates
C
Individual consumer choices
D
Inflation and price levels
Verified step by step guidance1
Step 1: Understand the scope of macroeconomics, which studies the economy as a whole, focusing on aggregate measures such as total output, overall unemployment, inflation, and price levels.
Step 2: Identify that Gross Domestic Product (GDP) is a key macroeconomic indicator measuring the total value of goods and services produced in a country, so it is a macroeconomic topic.
Step 3: Recognize that national unemployment rates reflect the overall labor market health and are a central concern in macroeconomics.
Step 4: Note that inflation and price levels describe the general rise in prices across the economy, another core macroeconomic subject.
Step 5: Understand that individual consumer choices pertain to decisions made by single consumers, which fall under microeconomics, not macroeconomics.
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