Macroeconomics is concerned with the 1)……….. of economic growth, unemployment and 2)…………. Each of these 3)………… is an indication of the
overall state of the 4)………. and how fully resources are utilized. Higher
economic growth generally implies higher 5)………. standards. Lower
unemployment suggests that society is making 6)……… use of its labour resource.
Low rates of inflation reflect stable valuations of goods and 7)………… in terms
of money.
So, the major 8)……….. between micro- and macroeconomics analysis is in
the groups that are the focus of study in each branch. In 9)……….., individuals
and firms are the main agents whose actions arc analyzed. In macroeconomics, the
actions of broad groupings such as all consumers, 10)…………., and all investors -
form the basis for analysis.
a. inflation; b. good; c. factors; d. living; e. economy; f. services; g.
microeconomics; h. government; i. distinction; j. problems.