The two topics of primary concern in macroeconomics are
A) short-run ﬂuctuations in output and employment and long-run economic growth.
B) unemployment and wage rates in labor markets.
C) monopoly power of corporations and small business proﬁtability.
D) oil prices and housing markets.

Question

Quizplus · Accepted Answer

Macroeconomics focuses on analyzing the overall performance of the economy, including its growth over time and short-term fluctuations. Therefore, the topics of primary concern in macroeconomics are A) short-run fluctuations in output and employment and long-run economic growth. B) unemployment and wage rates in labor markets, while important, are narrower in scope and do not necessarily capture the full picture of macroeconomic issues. Similarly, C) and D) are also relatively narrow topics that do not represent the full scope of macroeconomics.

The Two Topics of Primary Concern in Macroeconomics Are