Which of the following does macroeconomics endeavor to answer?
i. What role does the government play in recessions and booms and in determining the rate of inflation?
ii. What caused the currency crises in Mexico in the mid-1990s and in many Asian economies at the end of the 1990s?
iii. How does a dairy farmer react to rising milk prices?
A) iii only
B) ii only
C) i and ii
D) i, ii, and iii
E) i and iii

Question

Quizplus · Accepted Answer

Macroeconomics focuses on large-scale economic factors, such as government roles in economic cycles and currency crises, rather than individual behaviors like a dairy farmer's reaction to price changes.

Which of the Following Does Macroeconomics Endeavor to Answer