The question of how a tax change might impact U.S.economic output is most closely associated with the study of
A) microeconomics.
B) managerial economics.
C) macroeconomics.
D) consumer economics.

Question

Quizplus · Accepted Answer

The question of how tax changes affect the overall economy falls under the realm of macroeconomics, which focuses on the big picture of the economy, including topics such as inflation, unemployment, and GDP. Microeconomics, on the other hand, deals with individual consumers and firms and their behavior in the marketplace, while managerial economics focuses on decision-making within a company. Consumer economics, while related, is more concerned with the individual behavior of consumers in relation to their own personal finances.

The Question of How a Tax Change Might Impact U