Which of the Following BEST Describes Macroeconomics

question 295

Multiple Choice

Which of the following BEST describes macroeconomics?

• A) It analyzes the aggregate effects on the national economy of the choices made by individuals, firms, and governments.
• B) It studies the choices that individuals and businesses make when coping with scarcity.
• C) It examines how the choices that individuals affect governments.
• D) It is not a social science because its predictions cannot be tested.
• E) Proving causation is never a problem for macroeconomics.

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Definitions:

Nazi Germany

The period of German history from 1933 to 1945 under the dictatorship of Adolf Hitler, characterized by fascism, WWII aggression, and the Holocaust.

Giorgio Agamben

An Italian philosopher known for his work on the concept of the state of exception, bio-politics, and the relationship between law, politics, and life.

Foucault

A French philosopher and social theorist known for his influence on a wide range of disciplines including sociology, history, and critical theory, particularly for his work on power, knowledge, and discourse.

Scientific Study

A systematic pursuit of knowledge involving the observation, identification, description, experimental investigation, and theoretical explanation of phenomena.