A macroeconomist would be most likely to study

Question

Quizplus · Accepted Answer

Macroeconomics deals with the study of the national economy as a whole, including major economic indicators such as GDP, inflation, and employment. Therefore, a macroeconomist would be most likely to study the effects of a reduction in income tax rates on the nation's output, as it would have a broad impact on the economy as a whole. Option A is more appropriate for microeconomics, as it deals with the specific impacts on a particular market. Option B is related to the cost of production and is more relevant to microeconomics. Option C is also more relevant to microeconomics as it focuses on an individual's decision-making process.

A Macroeconomist Would Be Most Likely to Study