Question

macroeconomics _______.
a. includes the study of the consuming habits of individuals
b. does not include studying the impact of housing on the overall economy
c. does not take into account the unemployment rate
d. focuses on studying the economy as a whole
e. is primarily concerned with the study of local businesses

Explanation:

• Option A: Studying individual consuming habits is microeconomics, not macroeconomics.
• Option B: Macroeconomics does study how sectors like housing impact the overall economy.
• Option C: Unemployment rate is a key macroeconomic indicator, so macroeconomics does consider it.
• Option D: Macroeconomics focuses on the economy as a whole (e.g., GDP, inflation, unemployment across the entire economy).
• Option E: Studying local businesses is microeconomics (focus on individual firms), not macroeconomics.

Answer:

D. focuses on studying the economy as a whole