A key insight into macroeconomics is that in the short run the combined effect of individual decisions:
A) is always the same as what one individual intended.
B) may be very different from what any one individual intended.
C) is always beneficial to the economy as a whole.
D) is always detrimental to the economy as a whole.

Question

Quizplus · Accepted Answer

Macroeconomics focuses on the big picture of the economy, which involves analyzing the combined effect of individual decisions. In the short run, individual decisions may have unintended consequences that can have a significant impact on the economy as a whole. Therefore, the combined effect may be very different from what any one individual intended.

A Key Insight into Macroeconomics Is That in the Short