What Is the Goal of Macroeconomics

question 158

Multiple Choice

What is the goal of macroeconomics?

• A)to explain how economic changes affect prices of particular goods
• B)to devise policies to deal with market failures, such as externalities and monopoly
• C)to explain changes that affect households and firms in general
• D)to explain how income taxes influence labour supply

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Definitions:

Stimulus Control

A behavior modification technique that involves changing the environment to manage the stimuli that trigger undesirable behaviors, thereby reducing or eliminating those behaviors.

Stimulation

Any activity that arouses or excites a bodily function or mental process, potentially leading to enhanced functioning or perception.

Counterconditioning

A behavioral therapy technique that involves teaching the patient to replace undesirable responses to stimuli with more desirable ones.

Feedback

The process of returning information about the outcome of a process or activity; an essential component of effective communication and improvement processes.