6 Questions
What is the focus of Macroeconomics?
The study of a national economy as a whole
Which field of economics deals with the production and consumption of goods and services?
Microeconomics
Who is considered the father of modern macroeconomics?
John Maynard Keynes
What does Macroeconomics distinguish between?
The real economy and the monetary economy
Which economic concept refers to the study of economics at an individual or company level?
Microeconomics
What is one of the themes in Economics according to the text?
Efficiency
Test your knowledge on the differences between macroeconomics and microeconomics. Questions cover topics like inflation, price levels, economic growth rate (macroeconomics) and individual income, price determination, and production volume (microeconomics).
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