Macroeconomics examines:

A. the economy as a whole, such as how rapidly the economy grows.

B. policy issues, such as how the government can influence the decisions of individual firms.

C. the economy as a whole, such as how much new machinery and equipment an individual firm decides to purchase.

D. how individual households make choices, such as how they react to changes in product prices.

E. all of the above.

Question

Social Studies

Abbott

22 May, 04:13

Macroeconomics examines:

A. the economy as a whole, such as how rapidly the economy grows.

B. policy issues, such as how the government can influence the decisions of individual firms.

C. the economy as a whole, such as how much new machinery and equipment an individual firm decides to purchase.

D. how individual households make choices, such as how they react to changes in product prices.

E. all of the above.

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Answers (1)

Know the Answer?

Davis Branch · Answer 1

The correct answer is a.

Explanation:

Macroeconomics the branch of economics that examines the economy as a whole, such as how rapidly the economy grows, inflation, gross domestic product, unemployment, etcetera. On the other hand, microeconomics is the branch of economics that studies how individuals and enterprises behave in an economy, what guides their decisions, and how the government can influence their behavior. Answers B, C, D all refer to microeconomics, as they're concerned with how individual firms and households behave.