Which of the following is the definition of Macroeconomics?
A. A branch of economics that studies individuals making choices in response to changes in incentives, prices, resources, and/or methods of production.
B. A branch of economics that deals with prices and production in single markets and the interaction between different markets.
C. A branch of economics that studies individuals, households, and firms' behavior in decision making and allocation of resources.
D. A branch of the economy that studies economics as a whole and looks at the aggregate prices and production of goods, and national income.
A. A branch of economics that studies individuals making choices in response to changes in incentives, prices, resources, and/or methods of production.
B. A branch of economics that deals with prices and production in single markets and the interaction between different markets.
C. A branch of economics that studies individuals, households, and firms' behavior in decision making and allocation of resources.
D. A branch of the economy that studies economics as a whole and looks at the aggregate prices and production of goods, and national income.
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Answer:
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Explanation:
Macroeconomics is the branch of economics that deals with the structure, performance, behavior, and decision-making of the whole, or aggregate, economy. The two main areas of macroeconomic research are long-term economic growth and shorter-term business cycles.
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