The branch of economics that focuses on economywide variables like inflation and unemployment is called:
A) macroeconomics.
B) microeconomics.
C) free-market economics.
D) aggregate economics.

Question

Quizplus · Accepted Answer

The branch of economics that focuses on economywide variables like inflation and unemployment is called macroeconomics. Option B, microeconomics, focuses on individual economic agents, such as consumers and firms. Option C, free-market economics, is a particular perspective on how markets should operate, rather than a branch of economics. Option D, aggregate economics, is not a commonly used term in the field.

The Branch of Economics That Focuses on Economywide Variables Like