Which topic 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 studies the overall performance and behavior of the economy as a whole, including topics such as economic growth, inflation, and recessions. Option A is an example of microeconomics, which focuses on individual markets and their behavior. Option B is also an example of microeconomics, as it relates to an individual business. Option D is more specific and does not relate to the broader study of macroeconomics.

Which Topic Is Studied in Macroeconomics