Why an economy contracts during slowdowns and the analysis of appropriate policies is studied under ________.
A) macroeconomics
B) microeconomics
C) agricultural economics
D) international economics

Question

Quizplus · Accepted Answer

Macroeconomics is the branch of economics that deals with the performance, structure, and behavior of the entire economy rather than individual markets. A slowdown or contraction in an economy falls under macroeconomics as it affects the entire economic system. Therefore, the analysis of appropriate policies to address such a situation is studied under macroeconomics.

Why an Economy Contracts During Slowdowns and the Analysis of Appropriate