When an analyst is evaluating the construction industry in terms of interest rates, employment cycles, and the rate of new home building nationwide, he is looking at microeconomics.

Question

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The evaluation of the construction industry in terms of interest rates, employment cycles, and the rate of new home building nationwide is an example of macroeconomics, which studies the overall behavior of the economy rather than individual markets or firms (which is the focus of microeconomics).

When an Analyst Is Evaluating the Construction Industry in Terms