question archive Macroeconomics is primarily concerned with studying two broad topics: a) long-run economic growth and short-run business cycles b) the price of oil and gas abroad and prices of energy in the domestic market c) the stock and housing market d) household income and firms profit
Macroeconomics is primarily concerned with studying two broad topics: a) long-run economic growth and short-run business cycles b) the price of oil and gas abroad and prices of energy in the domestic market c) the stock and housing market d) household income and firms profit
Subject:EconomicsPrice:2.88 Bought3
Macroeconomics is primarily concerned with studying two broad topics:
a) long-run economic growth and short-run business cycles
b) the price of oil and gas abroad and prices of energy in the domestic market
c) the stock and housing market
d) household income and firms profit
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The correct answer is (a) long-run economic growth and short-run business cycles.
Macroeconomics is major branch of economics that studies economic averages and aggregates. It uses models such IS-LM, AD-AS and Solow models which tried to explains economic phenomena both in short-run and long-run. These models are designed to examine changes in macroeconomics variables such as national output, aggregate expenditure, price level, interest rate and money supply.
