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Macroeconomics is the study of _____. the whole economy only parts of the economy only foreign economies
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Asked 1/22/2014 7:31:58 PM
Updated 8/27/2014 3:50:10 PM
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User: Macroeconomics is the study of _____. the whole economy only parts of the economy only foreign economies

Weegy: Answer: A.The whole economy What Is Macroeconomics? How I Would Define It I would define macroeconomics similarly to how I defined it in What is Economics . [ [ Macroeconomics examines the economy as a whole and answers questions such as 'What causes the economy to grow over time ', 'What causes short-run fluctuations in the economy ' 'What influences the values various economic indicators and how do those indicators affect economic performance? Macroeconomics can be best understood in contrast to microeconomics which considers the decisions made at an individual or firm level. Macroeconomics considers the larger picture, or how all of these decisions sum together. An understanding of microeconomics is crucial to understand macroeconomics. To understand why a change in interest rates leads to changes in real GDP, we need to understand how lower interest rates influence decisions, such as the decision of how much to save, at the firm or household level. Once we understand how an individual, on average, will change their behavior we will then understand the large scale relationships in an economy. ] ]
Jortons|Points 51|

User: Periods of growth for the economy followed by downturns describes _____.

Weegy: Please provide the choices.
creven916|Points 152|

User: Periods of growth for the economy followed by downturns describes _____. real GDP final goods and services economic cycle

Question
Asked 1/22/2014 7:31:58 PM
Updated 8/27/2014 3:50:10 PM
2 Answers/Comments
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Periods of growth for the economy followed by downturns describes ECONOMIC CYCLE.

Added 8/27/2014 3:50:10 PM
This answer has been confirmed as correct and helpful.
Confirmed by yumdrea [8/27/2014 3:54:36 PM]
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