1. A demand curve is defined as the relationship between

A. the price of a good and the quantity of that good that consumers are willing to buy.

B. the price of a good and the quantity of that good that producers are willing to sell.

C. the income of consumers and the quantity of a good that producers are willing to sell.

D. the income of consumers and the quantity of a good that consumers are willing to buy.

2. Macroeconomics:

A. studies how computer automation has changed economics.

B. studies the behavior of individual consumers, firms and markets.

C. involves the interaction between different countries in specific markets.

D. studies the behavior of the economy as a whole.

3. What are the two critical measurements of a nation's economic health?

A. sales and taxes

B. wages and raises

C. production and income

D. income and spending

4.Business fluctuations are increases and decreases in economic activity as measured by changes in:

A. Real Gross Domestic Product

B. Stock market valuations

C. Unemployment rates

D. Nominal Gross Domestic Product

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