Which question is an illustration of a macroeconomic question? Multiple Choice Do oil companies work together on pricing in order to charge higher prices for gasoline? How sensitive is the level of employment in the economy to the level of consumer spending? How effective is a consumer boycott in reducing product prices? How responsive is a business to the demands of consumers?

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Business

Aron Fitzgerald

30 July, 20:09

Which question is an illustration of a macroeconomic question? Multiple Choice Do oil companies work together on pricing in order to charge higher prices for gasoline? How sensitive is the level of employment in the economy to the level of consumer spending? How effective is a consumer boycott in reducing product prices? How responsive is a business to the demands of consumers?

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Moshe Rasmussen · Answer 1

Answer: How sensitive is the level of employment in the economy to the level of consumer spending?

Explanation: Macroeconomics refers to that branch of economics that deals with the factors that affects all the individuals and firms in the economy, for example - interest rates, employment level etc. It studies the structure and the behavior of the economy as a whole.

The factors affecting a particular industry or community in an economy comes under the domain of microeconomics.

Hence from the above we can conclude that the correct option is B.