Asked by Jonnel Young on May 26, 2024
Verified
Macroeconomics is a branch of economics that studies:
A) the different costs associated with production.
B) the price and output decisions made by different industries.
C) the overall performance of the economy.
D) the role of a market in determining an efficient outcome.
E) the role of input suppliers in determining the price and quantity of output.
Macroeconomics
Macroeconomics is a branch of economics that studies how the aggregate economy behaves, focusing on indicators like GDP, unemployment rates, and inflation.
Overall Performance
A comprehensive measure of how well an entity, such as a company or economy, is achieving its objectives and fulfilling its operational requirements.
Production Costs
The total expenses incurred in the manufacture of products, including raw materials, labor, and overhead expenses.
- Outline the range of macroeconomics, covering both its methodologies and aims.
Verified Answer
TS
Tineshwary ShanmugavelMay 28, 2024
Final Answer :
C
Explanation :
Macroeconomics focuses on analyzing the overall performance of the economy, including growth and stability, inflation, and unemployment. It also examines the behavior of aggregates such as total consumption, investment, and government spending, and their impacts on economic variables such as GDP, price levels, and interest rates. While different industries and markets are part of the macroeconomic analysis, they are not the primary focus.
Learning Objectives
- Outline the range of macroeconomics, covering both its methodologies and aims.