Which of the following is studied in macroeconomics?
A)the change in automobile sales due to a change in the price of automobiles
B)the effect of a tax reduction on the profits of an individual business
C)recessions
D)the unemployment of workers displaced by technological change in the typesetting industry

Question

Quizplus · Accepted Answer

Macroeconomics is the study of the overall performance and behavior of the economy. Recessions, which are periods of negative economic growth, are a key area of focus in macroeconomics. The other choices, such as changes in automobile sales or the unemployment of workers in a specific industry, are more likely to be studied in microeconomics, which focuses on individual markets and industries.

Which of the Following Is Studied in Macroeconomics