Question

What is the focus of macroeconomics? Group of answer choices the small details of large entities...

What is the focus of macroeconomics?

Group of answer choices

the small details of large entities

the behavior of variables that describe the whole economy

the interaction between producers and consumers of a particular service

the cost and price of anything that is abundant

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Answer #1

Option A is incorrect because where small details of large entities is a part of microeconomics.

Option B is correct because these variables such as unemployment rate, rate of interest, real GDP etc. describes the whole economy.

Option C is incorrect because interaction of producer and consumer ia microeconomic tool.

Option D is incorrect because cost and price of anything is microeconomic fundamental while looking at abundancy of all goods is macroeconomic concept.

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