The economic problems studied in macroeconomics include:
1)the level of economic activity;
2)competition policy;
3)the rate of unemployment.
A)1 only
B)2 only
C)3 only
D)1 and 2
E)1 and 3

Question

Quizplus · Accepted Answer

Macroeconomics studies the overall level of economic activity, which includes the rate of unemployment, as well as other key measures like GDP growth, inflation, and trade. Competition policy falls under microeconomics, which studies the behavior of individual firms and markets, rather than the macro-level trends and patterns that macroeconomics is concerned with.

The Economic Problems Studied in Macroeconomics Include