Question

Macro economics is the study of:

• A. All aspects of scarcity
• B. The national economy and the global economy as a whole
• C. Big businesses
• D. The decisions of individual businesses and people

Answer 1

The correct option is B The national economy and the global economy as a whole

Macro economics deals in the study of a nation's aggregate demand, aggregate supply, national income, employment, inflation etc. It simply focusses on the economy as a whole. Therefore, it is the study of a nation's economy as well as its relation with other countries.