Asked by Isabel Galvez on May 16, 2024
Verified
Which of the following concepts is not included in the study of macroeconomics?
A) The unemployment level
B) The inflation rate
C) The real income
D) The profit-maximizing condition
E) The role of government
Profit-maximizing Condition
The state or point at which a business achieves the highest level of profit with the least amount of cost, often by equating marginal cost and marginal revenue.
Role Of Government
The activities undertaken by a government to regulate and guide the economy, including policy-making, taxation, and spending.
Unemployment Level
The number or percentage of the labor force that is without work but actively seeking employment.
- Identify the scope of macroeconomics including its tools and objectives.
Verified Answer
SM
Sahil MeangiMay 20, 2024
Final Answer :
D
Explanation :
The profit-maximizing condition is a concept studied in microeconomics, not macroeconomics. Macro focuses more on the overall performance of the economy, including unemployment, inflation, real income, and the role of government.
Learning Objectives
- Identify the scope of macroeconomics including its tools and objectives.