Macroeconomists Study

question 2

Multiple Choice

Macroeconomists study

• A)the decisions of individual households and firms.
• B)the interaction between households and firms.
• C)economy-wide phenomena.
• D)regulations imposed on firms and unions.

---

Definitions:

Capital

Resources or assets used in the production of goods and services.

College Education

Refers to the post-secondary education that students receive at universities, colleges, and other institutions, offering degrees and certifications beyond high school education.

Energy-Saving Machine

A type of machinery or device designed to use less energy for the same level of output, contributing to efficiency and reduced environmental impact.

Multiperson Comparisons

Compare one person’s performance with that of others.