Thinking like a macroeconomist means focusing on the connections between
A) input markets and output markets.
B) competition and cooperation.
C) marginal benefits and marginal costs.
D) additional benefits and additional opportunity costs.
E) none of the above.

Question

Quizplus · Accepted Answer

Macroeconomics focuses on the overall functioning of the economy, which includes the connections between input markets (e.g. labor, capital) and output markets (e.g. goods and services). This includes analyzing factors such as gross domestic product (GDP) and unemployment rates, which are influenced by the supply and demand of inputs and outputs in the economy.

Thinking Like a Macroeconomist Means Focusing on the Connections Between