An macroeconomics class is likely to discuss ________.
A) the relationship between the price of a good and its quantity demanded
B) the annual growth rate of an economy's output
C) the average revenue and cost curves of a firm
D) the relationship between the utility derived from a good and the number of units consumed

Question

Quizplus · Accepted Answer

Macroeconomics is concerned with the study of the economy as a whole, including topics such as national income, inflation, unemployment, and economic growth. Therefore, option B, which pertains to the annual growth rate of an economy's output, is the most relevant choice. Options A, C, and D are more closely related to microeconomics, which deals with individual markets and firms, rather than the broader economy.

An Macroeconomics Class Is Likely to Discuss ________