Macroeconomic topics include: A

Economics Dec 10, 2020

Macroeconomic topics include:

A. the impact of government regulation of markets.

B. total, nationwide employment.

C. studying what factors influence the price and quantity of automobiles.

D. studying the determination of wages and production costs in the software industry.

Expert Solution

The correct answer is B) Employment at national level.

Macroeconomics, as every economist should know and in opposition to microeconomics, deals with topics that concern the country as a whole, not individual markets or phenomena at individual level.

This is why A) is not correct. Market regulation is an issue that is studied by microeconomics. Also C) and D) concern to microeconomics, since the analysis of a single market (automobile or software markets for example) is basically a topic of study of microeconomics, not macroeconomics.

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