Which of the following does macroeconomics endeavor to answer?
i. What role does the government play in recessions, booms, and determining the rate of inflation?
ii. What causes an increase in the price of Exxon stock?
iii. How does a dairy farmer react to rising milk prices?
A) i only
B) ii only
C) iii only
D) i, ii, and iii
E) ii and iii

Question

Quizplus · Accepted Answer

Macroeconomics focuses on the overall functioning of the economy, including the behavior of the government, the level of economic growth, unemployment rates, and inflation. Questions i speaks to these topics, while ii and iii are more microeconomic in nature, dealing with individual company stock prices and the actions of a single farmer.

Which of the Following Does Macroeconomics Endeavor to Answer