Which of the following lies primarily within the realm of macroeconomics? A

Economics Dec 23, 2020

Which of the following lies primarily within the realm of macroeconomics?

A. a study of the demand for gasoline

B. a study of how tax cuts stimulate aggregate production

C. an analysis of supply and demand conditions in the electricity market

D. a study of the impact of "mad cow" disease on the price of beef worldwide

Expert Solution

The correct answer is B. a study of how tax cuts stimulate aggregate production

This is because the various variables are considered as a unit in the macroeconomic study. In the given case, the demand by various citizens in a nation is studied as a single unit by adding the all over demand is a part of macroeconomic study. On the other hand, the impact of tax cut by the government is impacting the real income of every individual in the economy, which is considered as macroeconomic study.

Archived Solution

Unlocked Solution

You have full access to this solution. To save a copy with all formatting and attachments, use the button below.

Already a member? Sign In

Important Note: This solution is from our archive and has been purchased by others. Submitting it as-is may trigger plagiarism detection. Use it for reference only.

For ready-to-submit work, please order a fresh solution below.

Or get 100% fresh solution

Get Custom Quote