Macroeconomics
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Questions and Answers

What is the main focus of macroeconomics?

  • The economy as a whole, including factors like inflation and unemployment (correct)
  • The study of individual consumer behavior
  • The analysis of microeconomic factors such as supply and demand
  • The examination of international trade patterns
  • Which of the following is a macroeconomic indicator?

  • Individual firm's production cost
  • Consumer preferences for a particular brand
  • Gross Domestic Product (GDP) (correct)
  • Price elasticity of demand for a specific product
  • What is the primary goal of macroeconomic policy?

  • To maximize profits for individual firms
  • To regulate prices of essential goods and services
  • To ensure fair competition in the market
  • To promote stable economic growth and reduce unemployment (correct)
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