Which of the following does macroeconomics NOT endeavor to answer?
i. Why is the typical person in the United States today more than 10 times richer than the typical person a century ago?
ii. Why has the unemployment rate been nearly twice as high in Europe as in the United States in recent years?
iii. Why has the price of orange juice risen sharply?
A) ii and iii
B) i only
C) ii only
D) i, ii, and iii
E) iii only

Question

Quizplus · Accepted Answer

Macroeconomics does not concern itself with small fluctuations in the price of specific goods such as orange juice. Its focus is on the broader issues such as economic growth, unemployment, inflation, and monetary and fiscal policies that affect the entire economy.

Which of the Following Does Macroeconomics NOT Endeavor to Answer