A friend wants to learn how a nation's unemployment rate is calculated and how it changes over time. He asks you which economics course to take and you advise him to enroll in
A) macroeconomics.
B) microeconomics.
C) either micro- or macroeconomics. They both concentrate equally on those issues.
D) political science because economics doesn't address those topics in its courses.

Question

Quizplus · Accepted Answer

Calculating and understanding unemployment rates is a macroeconomic concept, as it deals with the overall performance and trends of an entire economy. Microeconomics, on the other hand, focuses more on the behavior of individual consumers and firms. Therefore, taking a course in macroeconomics would be the most useful for learning about unemployment rates and their changes over time.

A Friend Wants to Learn How a Nation's Unemployment Rate