Question

Macroeconomists would be most likely to study which of the following? Group of answer choices individual...

Macroeconomists would be most likely to study which of the following?

Group of answer choices

individual economic relationships

aggregate economic relationships

the opportunity cost of individual choices

the invisible hand theory

Homework Answers

Answer #1

Ans. Option b

Macroeconomics is the study of the economy as a whole. So, aggreagate affect of individual decisions is studied under macroeconomics but individual economic relationships are studies under microeconomics. Invisible hand theory applies to the market for a good or a service, so, because it applies to only one good or a service at a time, it is studied under microeconomics.

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