QUESTION 1
Which question is an example of a macroeconomic question?
O What is the level of industrial concentration in the US automobile industry?
O What economic incentives can be used to reduce the cost of health care in the nat
O What policies would be recommended for increasing the economy's total output?
What
market conditions are expected for milk in the nation this year?

Question

10-06-2024
Business

Answered

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QUESTION 1
Which question is an example of a macroeconomic question?
O What is the level of industrial concentration in the US automobile industry?
O What economic incentives can be used to reduce the cost of health care in the nat
O What policies would be recommended for increasing the economy's total output?
What
market conditions are expected for milk in the nation this year?

Sagot :

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GinnyAnswer GinnyAnswer · Answer 1 · 2024-06-10T22:56:41-04:00

Final answer:

Macroeconomics focuses on the overall economy, while microeconomics examines individual units like households and firms. The question in the scenarios related to recommended policies for increasing total output is an example of a macroeconomic question.

Explanation:

Macroeconomics focuses on the overall economy and deals with questions such as what causes swings in the unemployment rate for a nation, how government spending impacts the economy, and the effects of the Federal Reserve policies.

Microeconomics, on the other hand, examines individual units like households and firms. Examples of microeconomic questions include studying market behavior and individual decision-making.

Therefore, the question 'What policies would be recommended for increasing the economy's total output?' is an example of a macroeconomic question.

Learn more about Macroeconomics here:

https://brainly.com/question/28489802

Sagot :

Final answer:

Explanation:

Learn more about Macroeconomics here:

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