Asked by Megan Lawless on May 14, 2024

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Macroeconomics is the study of:

A) the behavior of large firms in the marketplace.
B) the economic behavior of individual decision makers.
C) the behavior of the economy as a whole.
D) how to use the fewest natural resources to produce goods and services.
E) the government's role as a stabilizing influence on the economy.

Macroeconomics

The branch of economics that studies the behavior and performance of an economy as a whole, focusing on aggregate changes in unemployment, GDP, inflation, and economic policies.

Large Firms

Companies or enterprises that operate on a large scale, often having considerable market power and resources.

Economy

The structure of economic activity in a community, a region, a country, a group of countries, or the world

  • Distinguish between the concepts of microeconomics and macroeconomics.
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LS
Lindsay StoopsMay 15, 2024
Final Answer :
C
Explanation :
Macroeconomics is the study of the behavior of the economy as a whole, including topics such as inflation, unemployment, economic growth, and government policies that affect the economy. It is distinct from microeconomics, which is the study of individual decision-making units such as households and firms.