In macroeconomics,
A) we study one market at a time
B) we try to understand how the entire economy behaves
C) we focus on large,important products and ignore the rest
D) we study one nation's economy only
E) we aggregate all national economies into a world economy

Question

Quizplus · Accepted Answer

Macroeconomics is the study of the entire economy as a whole, including aggregates like national income, unemployment rates, inflation rates, and economic growth. It seeks to understand how the economy behaves as a whole and how different factors, such as government policies or international trade, affect the overall performance of the economy. Macroeconomics looks at the economy as a system, rather than focusing on individual markets or products.

In Macroeconomics