Macroeconomics is primarily concerned with studying two broad topics:
A) long-run economic growth and short-run business cycles.
B) the price of oil and gas abroad and prices of energy in the domestic market.
C) the stock market and the housing market.
D) household incomes and ﬁrms' proﬁts.

Question

Quizplus · Accepted Answer

Macroeconomics is concerned with understanding broad economic trends and issues that affect the economy as a whole. This includes studying long-run economic growth, which involves understanding the factors that contribute to long-term increases in the economy's output and standards of living. It also involves studying short-run business cycles, which are fluctuations in economic activity that occur over periods of months or years. These cycles are characterized by periods of economic expansion and contraction, and macroeconomists seek to understand why these cycles occur and how they can be managed. The other choices listed (B, C, and D) are not broad topics that are typically studied in macroeconomics.

Macroeconomics Is Primarily Concerned with Studying Two Broad Topics