Which of the following BEST describes macroeconomics?
A)It studies the choices that individuals and businesses make when coping with scarcity.
B)Proving causation is never a problem for macroeconomics.
C)It analyzes the aggregate effects on the national economy of the choices made by individuals, firms, and governments.
D)It examines how the choices that individuals affect governments.
E)It is not a social science because its predictions cannot be tested.

Question

Quizplus · Accepted Answer

Macroeconomics focuses on the aggregate outcomes and behaviors in an economy, such as national income, overall employment, and inflation, resulting from the collective decisions of individuals, firms, and governments.

Which of the Following BEST Describes Macroeconomics