Macroeconomics Is the Study of ________ While Microeconomics Studies ________

question 54

Multiple Choice

Macroeconomics is the study of ________ while microeconomics studies ________.

• A)large business enterprises;small business ventures
• B)the overall household economic activity;market behavior
• C)an individual firm;the overall economic performance of a nation
• D)the overall economic performance of the world;the economy of a single country
• E)none of the above

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Definitions:

Significant Piece

An important or notable part of something, often referring to a key element that has a major impact or role.

Legislation

Laws or statutes that have been formally enacted by a legislative body to regulate, authorize, prohibit, or provide frameworks for various activities and policies.

Agency

An organization, company, or bureau that provides a specific service.

Polygraph Test

A lie detector test that measures and records several physiological indices such as blood pressure, pulse, respiration, and skin conductivity while the subject answers a series of questions.