Which of the following is a macroeconomic topic?
A) a study of the business cycle
B) the price of a pair of Nike shoes
C) the total sales for GE in 2009
D) the labor market for computer analysts

Question

Quizplus · Accepted Answer

Macroeconomics deals with the overall performance of the economy, including topics such as inflation, unemployment, and the business cycle. The study of the business cycle falls under macroeconomics.

Answer: B, C, and D are not macroeconomic topics.
 The price of a pair of Nike shoes is a microeconomic topic, as it deals with the specific decision-making of individual consumers and firms. The total sales for GE in 2009 is also a microeconomic topic, as it focuses on the financial performance of one particular company. The labor market for computer analysts is a microeconomic topic, as it deals with the specific employment patterns and wages for a particular occupation.

Which of the Following Is a Macroeconomic Topic