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slavikrds [6]
3 years ago
5

Why do you think macroeconomists focus on just a few key statistics when trying to understand the health and trajectory of an ec

onomy?
Business
1 answer:
Lapatulllka [165]3 years ago
3 0
Macroeconomics focal point on a few essential  statistics, real GDP, unemployment, and inflation because it is too tough to process all of the data in each market or for every good or service in the economy. By using these three abstract it measures economists can obtain some insight into the health of the economy as a whole.
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B

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Atlantic Coffee has recently decided to raise its prices by10%. It was shocked by its customers' reaction to the price increase when sales dropped24%. such a sharp drop in sales occurs because:_the demand for a specific brand of coffee is highly elastic.

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