Which of the following does macroeconomics not endeavor to answer?
i.Why is the typical person in the United States today more than ten times richer than the typical person a century ago?
ii.Why has the unemployment rate been nearly twice as high in Europe as in the United States in recent years?
iii.Why has the price of orange juice risen sharply?
A)ii and iii
B)i only
C)ii only
D)i,ii,and iii
E)iii only

Question

Quizplus · Accepted Answer

Macroeconomics deals with the big picture of the economy, including issues like economic growth, inflation, and unemployment. It does not focus on the price of a specific product like orange juice, which is a microeconomic issue.

Which of the Following Does Macroeconomics Not Endeavor to Answer