Which is true ?
Correct answer: D. All of the above are true
- A. Productivity has increased in the decade of the 1990
- B. Blue-collar workers have suffered layoffs
- C. Downsizing has created a new style of employment
- D. All of the above are true
Explanation
The 1990s saw productivity gains, significant layoffs among many blue-collar workers, and downsizing that produced more flexible employment arrangements. Hence all three statements are true.
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The economy is studied as a whole through national income, gross domestic product, inflation, unemployment, economic growth and business cycles. Coverage includes aggregate demand and supply, consumption and investment, money and banking, fiscal and monetary policy, exchange rates and balance of payments, which distinguishes macroeconomics from the study of individual markets.
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