Question 1

The main goals of Macroeconomics are to study what?

Accepted Answer

How the economy is behaving and which factors are causing the economy to grow and shrink

Question 2

Key areas of Macroeconomics are what?

Accepted Answer

economic challenges, Economic indicators, Money, Economic models

Question 3

What does GDP stand for?

Accepted Answer

Gross domestic product

Question 4

Macroeconomics studies the challenges that the entire economies face such as

Accepted Answer

Keeping workers employed, and keeping prices stable

Question 5

Quantity supplied is affected by what 2 things?

Accepted Answer

Price and production costs

Question 6

Quantity demanded is affected by what?

Accepted Answer

The price and the need for the good

Question 7

Macroeconomics studies supply and demand in the aggregate, which means

Accepted Answer

The total amount of supply and demand

Question 8

The interaction of supply and demand between individual producers and consumers is studies within ....

Accepted Answer

Microeconomics

Question 9

In microeconomics, the point at which supply and demand meet is called the ..

Accepted Answer

Equilibrium

Question 10

In Macroeconomics, to study the aggregate means to study..

Accepted Answer

total supply and demand

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