The objective of macroeconomics is to _____
A) study the effect of tariffs and quotas on the production of goods and services.
B) analyze the role of government in the political system of a country.
C) develop and test theories about how the overall economy works.
D) improve the competitiveness of U.S. firms.
E) understand the different costs associated with production.

Question

Quizplus · Accepted Answer

The objective of macroeconomics is to develop and test theories about how the overall economy works. It focuses on analyzing economic aggregates such as gross domestic product, inflation, and unemployment, and understanding how government policies impact these variables. Options A, B, D, and E are not the primary objectives of macroeconomics.

The Objective of Macroeconomics Is to _____