A review of the performance of the economy during the Bush administration is the concern of:
A) macroeconomics.
B) microeconomics.
C) both macroeconomics and microeconomics.
D) neither macroeconomics nor microeconomics.

Question

Quizplus · Accepted Answer

Macroeconomics deals with the overall performance and behavior of the economy as a whole, including issues such as inflation, economic growth, and unemployment, which are all relevant to evaluating the performance of the economy during the Bush administration. Microeconomics, on the other hand, focuses on individual economic decisions and behavior of consumers, firms, and markets, which is less relevant to assessing the overall performance of the economy during a specific administration.

A Review of the Performance of the Economy During the Bush