Question

Insert the correct word given below into the gaps. 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.