Macroeconomics is the branch of economics that deals with ?
Correct answer: D. the economy as a whole
- A. imperfectly competitive markets:
- B. Only the long run adjustments to equilibrium in the economy
- C. The functioning of individual industries and the behavior of individual decision-making units business firms and households
- D. the economy as a whole
Explanation
Macroeconomics examines aggregate variables and the performance of the economy as a whole, such as total output, employment and inflation. Individual firms, households and industries are primarily studied in microeconomics.
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About Macroeconomics
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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