The field of economics that is concerned about the broader issues in the economy, such as inflation, unemployment, and national output of goods and services is called
A) macroeconomics.
B) microeconomics.
C) national economics.
D) labor force economics.

Question

Quizplus · Accepted Answer

The field of macroeconomics is concerned with studying the bigger picture of the economy, such as the overall level of inflation, unemployment, and national output. Microeconomics, on the other hand, focuses on individual behavior and decision-making in markets. National economics and labor force economics are not commonly used terms to describe specific fields within economics.

The Field of Economics That Is Concerned About the Broader