1- Macroeconomics is primarily concerned with:

risk faced by entrepreneurs.

the composition of the flows between households and businesses.

the volume of the flows between households and businesses.

supply and demand in markets

2- An economic recession refers to problems faced by the people in our community when:

the flows of the Circular Flow Model are too small.

the quantity supplied is greater than the price.

there is a market surplus

the flows of the Circular Flow Model are too large.

3-If oil producers withhold some of their currently produced oil from the market because they begin to anticipate a higher price of oil in the future, then today, this would cause a decrease in the:

demand for oil.

quantity supplied of oil.

current price of oil.

supply of oil.

4-The market equilibrium price is the price for which:

the quantity demanded is less than the quantity supplied.

supply and demand are equal.

the quantity demanded equals the quantity supplied.

the quantity demanded is greater than the quantity supplied.