Macroeconomics Studies the Following Topics

question 85

Multiple Choice

Macroeconomics studies the following topics:

• A)national output, the inflation rate, and the trade deficit.
• B)the price of Cisco stock and wage differences.
• C)differences in market structure.
• D)all of the above.

---

Definitions:

Social Change

The transformation over time in the societal structures and cultural patterns through collective action or policies.

Revolutionary

Pertaining to or involved in bringing about a radical change in society or an existing system, often through dramatic means.

Reformist

An advocate for gradual and systematic changes within a system to improve it, without overturning the entire system.

Convergence Theory

The hypothesis that as societies develop, they begin to converge, or become more similar, in terms of social, economic, and technological aspects.