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Basic Concepts & the Circular Flow · Question 1 of 72

Question 1

EasyOriginal question

Macroeconomics studies

Options for question 1

Show the answer and explanation
CorrectNot quiteAnswer B

Correct answer: B

Explanation

  1. Macroeconomics looks at totals for the whole economy: output, employment, the price level.

  2. One firm, one good or one consumer is the subject of microeconomics.

Concept
Scope of macroeconomics
Typical time
40 s
Your time
—
The rule this testsWhat macroeconomics studies
Practise this chapter →

Ten questions from Basic Concepts & the Circular Flow, at your own pace.

Practise this chapter →

Ten questions from Basic Concepts & the Circular Flow, at your own pace.