Which of the following BEST describes macroeconomics?
A) It analyzes the aggregate effects on the national economy of the choices made by individuals, firms, and governments.
B) It studies the choices that individuals and businesses make when coping with scarcity.
C) It examines how the choices that individuals affect governments.
D) It never uses the ceteris paribus assumption.
E) Proving causation is never a problem for macroeconomics.

Question

Quizplus · Accepted Answer

Macroeconomics is concerned with the overall performance and behavior of an economy, such as inflation, unemployment, and economic growth. It analyzes the aggregate effects of the choices made by individuals, firms, and governments on the national economy.

Which of the Following BEST Describes Macroeconomics