Macroeconomics is primarily concerned with studying two broad topics:
A) Long-run economic growth and short-run business cycles
B) The price of oil and gas abroad and prices of energy in the domestic market
C) The stock market and the housing market
D) Household incomes and firms' profits

Question

Quizplus · Accepted Answer

Macroeconomics is concerned with studying the overall performance of the economy. Long-run economic growth refers to the sustained increase in the output of goods and services over time. Short-run business cycles refer to the periodic fluctuations in economic activity that occur due to changes in aggregate demand and supply. These two topics are the primary focus of macroeconomic analysis. Choices B, C, and D are not as broad and they are more specific areas of study within economics.

Macroeconomics Is Primarily Concerned with Studying Two Broad Topics