Question

1. Macroeconomists study a. the decisions of individual households and firms. b. the interaction between households and firms. c. economy-wide phenomena. d. regulations imposed on firms and unions.

Answer 1

Answer:

The correct answer is letter "C": economy-wide phenomena.

Explanation:

Macroeconomics studies the performance of an economy as a whole while Microeconomics focuses on the decisions, spending, and performance of individuals or single businesses. Macroeconomics focuses on aggregate expenditure and consumption of a nation or region.