Which of the following BEST describes macroeconomics?
A)It is not a social science because its predictions cannot be tested.
B)It examines how the choices that individuals make affect governments.
C)It analyses the aggregate effects on the national economy of the choices made by individuals,firms and governments.
D)It studies the choices that individuals and businesses make when coping with scarcity.
E)Proving causation is never a problem for macroeconomics.

Question

Quizplus · Accepted Answer

Macroeconomics studies the overall behavior and performance of the economy, focusing on the factors that affect economic growth, unemployment, inflation, and other macroeconomic issues. It analyzes the aggregate effects of the choices made by individuals, firms, and governments on the national economy.

Which of the Following BEST Describes Macroeconomics