Mastering Macroeconomics

Questions and Answers

Match the following terms with their fields in economics:

Output/GDP = Macroeconomics Unemployment rates = Macroeconomics Consumption = Macroeconomics Price increases in the oil and automotive sectors = Microeconomics

Match the following areas of study with the appropriate branch of economics:

International trade = Macroeconomics International finance = Macroeconomics Energy = Macroeconomics Changes in supply or demand = Microeconomics

Match the following branches of economics with their primary focus:

Macroeconomics = Performance, structure, behavior, and decision-making of an economy as a whole Microeconomics = Analysis of single markets and their supply and demand

Match the following scale focuses with the appropriate branch of economics:

<p>A country or the whole world = Macroeconomics A single market = Microeconomics</p> Signup and view all the answers

Match the following variables with the appropriate branch of economics:

<p>Aggregate variables = Macroeconomics Price indices and inflation = Macroeconomics Saving, investment = Macroeconomics Changes in supply or demand for a specific sector = Microeconomics</p> Signup and view all the answers