The Primary Emphasis in Macroeconomics Is On

question 56

Multiple Choice

The primary emphasis in macroeconomics is on:

• A) how firms set prices.
• B) aggregates in the economy.
• C) marginal analysis and normative economics.
• D) international trade and environmental economics.

---

Definitions:

Information-processing

Refers to the series of actions or steps taken in order to receive, perceive, and interpret information from the environment.

Classical decision theory

A framework that assumes decision-makers are fully rational and seek to maximize utility or profit when making choices.

Enterprise risk management

A comprehensive framework for identifying, assessing, managing, and monitoring the risks that an organization faces to maximize value.

Operational risk

The risk of loss resulting from inadequate or failed internal processes, people, systems, or external events affecting an organization's operations.