What would be considered a topic of study in macroeconomics
A)the impact of agricultural price support programs in the dairy industry
B)the effect on Canadian steel producers due to an import quota imposed on foreign steel
C)the effect of an increase in the price of imported oil on the Canadian inflation rate
D)the effect of an increase in the price of imported coffee beans on the Canadian coffee industry

Question

Quizplus · Accepted Answer

The effect of an increase in the price of oil on the inflation rate is a macroeconomic topic as it analyses a broad economic pattern and its impact on the entire economy. Option A and D are specific to particular industries, while option B is related to the trade policy of a specific country, which is a microeconomic concern.

What Would Be Considered a Topic of Study in Macroeconomics