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17 May, 12:05

Which of the following questions is a macroeconomic issue?

a) What is the future growth prospect for an economy?

b) How many workers should the owner of a business hire?

c) What effect would a cure for Mad Cow Disease have on the market for beef?

d) How many more pounds of cookies will a consumer purchase if the price of cookies decreases?

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Answers (1)
  1. 17 May, 12:13
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    Options A and C touches on macro economic issues

    a) What is the future growth prospect for an economy?

    c) What effect would a cure for Mad Cow Disease have on the market for beef?

    Explanation:

    macroeconomics is a branch of economics that deals with the relationship of the major factors in an economy. It focuses on the aggregate changes in the economy such as unemployment, growth rate, gross domestic product and inflation in order to ascertain the behavior and performance of an economy as a whole.

    These factors include include supply and demand in a labor market, market failure, competition, price stability, productivity and efficiency.

    Therefore, the future growth prospect of an economy and the effect of mad cow disease on the market for beef is a macro economic issue.
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