Which area of study is most concerned with measuring the rate of inflation?
A) macroeconomics
B) microeconomics
C) normative economics
D) positive economics

Question

Quizplus · Accepted Answer

Measuring the rate of inflation falls under macroeconomics which looks at the economy as a whole, including factors such as national income, unemployment, and inflation. Microeconomics deals with individual markets and decision-making by businesses and individuals. Normative economics focuses on value judgments and opinions about what should be done while positive economics is concerned with the description and explanation of economic phenomena based on facts and data.

Which Area of Study Is Most Concerned with Measuring the Rate