All of the following statements describe a macroeconomic topic except:
A) "Because of current prices, there is a shortage of adequate housing."
B) The Canadian economy experienced high inflation during the late 1970s.
C) "When the nation is at full employment, there still may be some individuals without jobs."
D) "One of the primary determinants of aggregate household consumption is the level of household income."

Question

Quizplus · Accepted Answer

Statement A describes a microeconomic topic, focusing on the specific issue of housing shortage due to current prices, which is more related to individual markets and choices rather than the economy as a whole.

All of the Following Statements Describe a Macroeconomic Topic Except