Macroeconomics is the study of
A) how wages are determined in a specific labor market
B) how to use the fewest natural resources to produce public goods
C) what is happening in the economy as a whole
D) how consumers and producers interact in individual markets
E) the price and the quantity exchanged in a market

Question

Quizplus · Accepted Answer

Macroeconomics is concerned with the performance and behavior of the economy as a whole, such as inflation, unemployment, economic growth, and government policies. Option A refers to microeconomics, while option B is more related to environmental economics. Option D describes microeconomic analysis of individual markets, and option E refers to basic microeconomic concept of supply and demand.

Macroeconomics Is the Study of