Microeconomics includes the study of the
A) aggregate effects on the national economy.
B) recessions and inflation in the global economy.
C) choices made by individuals and businesses.
D) reasons why the government changes interest rates.
E) nationwide unemployment rate.

Question

Quizplus · Accepted Answer

Microeconomics focuses on the decisions made by individuals and businesses, including how they allocate resources, set prices, and respond to changes in market conditions. It does not directly examine macroeconomic aggregates such as the nationwide unemployment rate, recessions, or government policy decisions.

Microeconomics Includes the Study of the