Macroeconomics Is the Study Of

question 1

Multiple Choice

Macroeconomics is the study of:

• A)the individual in the economy
• B)business in the economy
• C)small data in the economy
• D)broader economic issues such as unemployment, inflation and the GDP

---

Definitions:

Wages Increase

A rise in the rate of pay received by employees for their labor.

Economists Employment

The sector or roles within the economy where individuals specializing in economic theories, principles, and models find work opportunities.

Inelastic Supply

A situation where the quantity supplied of a good does not significantly change in response to changes in its price.

Labor Resources

Human workforce available for the production of goods and services.