Which of the following would be considered an example of a macroeconomic problem
ID: 1151195 • Letter: W
Question
Which of the following would be considered an example of a macroeconomic problem?
Should Microsoft reduce the price of its Windows operating system?
Should the federal government extend the eligibility period for unemployment benefits?
Should Mitsubishi eliminate one of its production shifts?
Should JP Morgan Chase increase the interest rate it charges its credit card customers?
Should Microsoft reduce the price of its Windows operating system?
Should the federal government extend the eligibility period for unemployment benefits?
Should Mitsubishi eliminate one of its production shifts?
Should JP Morgan Chase increase the interest rate it charges its credit card customers?
Explanation / Answer
ANSWER:
The correct answer is option b because it talks of problems on a national level as macroeconomics is the study of larger economic factors which concerns the national productivity while all the other 3 are related to a particular organisation (private companies) and are not national issues as macroeconomics deals with national large scale problems and not of single organisations and hence option b is right while others are wrong.
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