All of the following are important macroeconomic variables except:
A) real GDP.
B) the unemployment rate.
C) the marginal rate of substitution.
D) the inflation rate.

Question

Quizplus · Accepted Answer

The marginal rate of substitution is a microeconomic concept that measures the rate at which a consumer is willing to exchange one good for another. It is not a macroeconomic variable. Real GDP, the unemployment rate, and the inflation rate are all important macroeconomic variables.

All of the Following Are Important Macroeconomic Variables Except