Which of the following statements most likely lies within the realm of macroeconomics?
A)An increase in the price of automobiles will lead to a decrease in the quantity of automobiles demanded.
B)Due to process innovations in computer chip manufacturing, the market supply of computers increased.
C)Due to an economic recession, manufacturing firms began implementing layoffs of their workforces.
D)Anticipating that the benefits would outweigh costs involved, an undergraduate student purchases the course textbook.

Question

Which of the following statements most likely lies within the realm of macroeconomics?
A)​An increase in the price of automobiles will lead to a decrease in the quantity of automobiles demanded.
B)​Due to process innovations in computer chip manufacturing, the market supply of computers increased.
C)​Due to an economic recession, manufacturing firms began implementing layoffs of their workforces.
D)​Anticipating that the benefits would outweigh costs involved, an undergraduate student purchases the course textbook.

Quizplus · Accepted Answer

Statement C focuses on the impact of an economic recession on employment levels, which is a macroeconomic issue because it deals with the economy as a whole rather than individual markets or decisions.

Which of the Following Statements Most Likely Lies Within the Realm