Do macroeconomic issues concern the well-being of the typical individual member
ID: 1188901 • Letter: D
Question
Do macroeconomic issues concern the well-being of the typical individual member of an economy?
No, since most individuals have little contact with other economies in the world
, since macroeconomics focuses on the decisions constantly being made by the average individual.
Yes, since macroeconomic events have widespread effects on everyday lives
No, since we are focusing on the behavior of aggregate quantities
Please be accurate
A.No, since most individuals have little contact with other economies in the world
B., since macroeconomics focuses on the decisions constantly being made by the average individual.
C.Yes, since macroeconomic events have widespread effects on everyday lives
D.No, since we are focusing on the behavior of aggregate quantities
Please be accurate
Explanation / Answer
Correct option is (D).
Microeconomics is concerned with individual economic agents & decision makers like the individual or the firm. But macroeconomics is the study of economic behavior of aggregate quantities at an overall country level or global level.
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