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Which Problem is the example of macroeconomic
Price level
Unemployment
Demand
Supply
- Price Level (Option 1):
- It refers to the average of current prices across the entire spectrum of goods and services produced in the economy.
- Changes in the price level are a major concern in macroeconomics as they relate to inflation and deflation.
- Unemployment (Option 2):
- Represents the number of people actively seeking work but unable to find employment.
- It is a key indicator of macroeconomic health and affects economic policy decisions.
- Demand (Option 3):
- This is related to the consumer's willingness and ability to purchase goods or services.
- While impacting macroeconomics, it is more directly associated with microeconomic analysis.
- Supply (Option 4):
- Refers to the total amount of a specific good or service available to consumers.
- Like demand, it plays a significant role but is primarily a microeconomic concept.
Unemployment (Option 2) is indeed an example of a macroeconomic problem.
By: Milap Bansal ProfileResourcesReport error
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