Macroeconomics:
A)is narrower in scope than microeconomics.
B)analyzes mergers and acquisitions between firms.
C)is concerned with the expansion and contraction of the overall economy.
D)is primarily concerned with the decisions of individual households.

Question

Macroeconomics:
A)​is narrower in scope than microeconomics.
B)​analyzes mergers and acquisitions between firms.
C)​is concerned with the expansion and contraction of the overall economy.
D)​is primarily concerned with the decisions of individual households.

Quizplus · Accepted Answer

Macroeconomics is concerned with the overall performance of the economy, including factors such as inflation, unemployment, and economic growth. It analyzes aggregate behaviors such as GDP, national income, and interest rates, and focuses on the expansion and contraction of the economy as a whole, rather than the decisions of individual households or firms.