The basic structure of a macroeconomic model includes the description of this feature
A)a herd of cows.
B)the density of cities.
C)isotherms.
D)consumers' preferences over goods.
E)average annual rainfall.

Question

Quizplus · Accepted Answer

An important component of macroeconomic models is the description of consumers' preferences over goods, as this influences their consumption behavior and overall economic activity. The other options listed are not typically included in macroeconomic models.

The Basic Structure of a Macroeconomic Model Includes the Description