Change may be experienced at which level ?
Correct answer: B. Micro middle and macro
- A. Alpha beta and delta
- B. Micro middle and macro
- C. High and low
- D. Public and public opinion
Explanation
Social change can be examined at the micro level of individuals and small groups, the middle level of organizations and communities, and the macro level of whole societies. Therefore, micro, middle and macro are the relevant levels.
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The economy is studied as a whole through national income, gross domestic product, inflation, unemployment, economic growth and business cycles. Coverage includes aggregate demand and supply, consumption and investment, money and banking, fiscal and monetary policy, exchange rates and balance of payments, which distinguishes macroeconomics from the study of individual markets.
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