Macroeconomics wgu - Study guides, Class notes & Summaries

WGU C201 Chapter 3"In the United States, changes in price levels are tracked by the (_____), which measures the monthly average changes in prices of goods and services." - correct answer consumer price index (CPI) The term used to describe the study of the overall operations of an economy and its various components is known as (_____). - correct answer macroeconomics (_____) refers to the study of the economic activities of a firm or an individual. - correct answer microeconomics ...

WGU D089 Principles of Economics Test with Answers!! Macroeconomics - -A branch of economics dealing with the performance, structure, behavior, and decision-making of an economy as a whole Microeconomics - -A branch of economics that studies the behavior of individuals and firms in making decisions regarding the allocation of scarce resources and the interactions among these individuals and firms Scarcity - -The basic economic problem; the gap between limited, scarce , resources and theor...

WGU C719 Macroeconomics|89 Questions with 100% Correct Answers | Verified | Latest Update

WGU C201 Chapter 3 Question and answers 100% correct 2024 "In the United States, changes in price levels are tracked by the (_____), which measures the monthly average changes in prices of goods and services." - correct answer consumer price index (CPI) The term used to describe the study of the overall operations of an economy and its various components is known as (_____). - correct answer macroeconomics (_____) refers to the study of the economic activities of a firm or an indiv...

WGU C483 Practice Test 2 100% Correctly Solved 1.)The planning level with the shortest time horizon is known as _____ planning. A)operational B)tactical C)managerial D)developmental E)vertical - Answer- A.) Operational 2.)The planning process is similar to the _____ process in that both have a series of steps that are typically repeated in a cycle. A)strategy-mapping B)tactical alignment C)goal-setting D)decision-making E)environmental analysis - Answer- D.) Decision-making 3.)In a...

WGU D089 - Module 1 with Complete Solutions Already Graded A capital - ️️ a factor of production that is made to produce other things (tools, equipment, etc.) circular flow diagram - ️️ a diagram that views the economy as consisting of households and firms interacting in a goods and services market and a factor market entrepreneurship - ️️ a person who seeks to earn profits by finding new ways to organize factors of production (creating new products or ways of doing things) f...

Business Acumen - C201 WGU QuestionIn the United States, changes in price levels are tracked by the____________, which measures the monthly average changes in prices of goods and services. -ANSWER CPI The term used to describe the study of the overall operations of an economy and its various components is known as__________ -ANSWER macroeconomics _________ refers to the study of the economic activities of a firm or an individual. -ANSWER Microeconomics _________ occurs when government...

WGU C719 – Macroeconomics Questions And Answers 2023 Scarcity The inability to satisfy everyone's wants Microeconomics Study of individual and business choices in the economy Macroeconomics Study of the economy as a whole Opportunity cost The full value of the best alternative that is given up or forgone. Production possibilities curve Curve showing the various output combinations of two goods or groups of goods that can be produced in an economy with the available resources. Straigh...

WGU C719 Macroeconomics 89 Questions with 100% Verified Correct Answers Latest Updated 2024

WGU C719 Macroeconomics 89 Questions with 100% Verified Correct Answers Latest Updated 2024