The study of aggregate economic activity for the economy as a whole is
A)Opportunity cost.
B)Scarcity.
C)Macroeconomics.
D)Microeconomics

Question

Quizplus · Accepted Answer

The study of aggregate economic activity for the economy as a whole is referred to as macroeconomics. It focuses on issues like inflation, unemployment, economic growth, and international trade that affect the economy as a whole rather than individual households or firms. Choices A and B are concepts that are applicable in both micro and macroeconomics, while choice D is the study of individual behavior and decision-making of households and firms.

The Study of Aggregate Economic Activity for the Economy as a Whole