Macroeconomics is described best by which of the following statements?
A) Macroeconomics is the study of the economy as a whole.
B) Macroeconomics is the study of how firms strive to maximize profits.
C) Macroeconomics is the study of the demand for labour by firms and the supply of labour by households.
D) Macroeconomics is the study of why some households have higher income than others.
Correct Answer:
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