Microeconomics deals with which of the following?
A) the total output of an economy
B) the measurement of a nation's inflation rate
C) how producers and consumers interact in individual markets
D) how tax policies influence economic growth
E) whether wage growth will outpace inflation in the coming year

Question

Quizplus · Accepted Answer

Microeconomics deals with the behavior of individual consumers, producers, and firms within specific markets, and how they interact and make decisions based on prices, supply, and demand.

Option A refers to macroeconomics, which deals with the entire economy's overall performance.
Option B relates to measuring a country's inflation rate, which is a topic covered in macroeconomics.
Option D refers to fiscal policy and its effects on economic growth, which is again a topic in macroeconomics.
Option E is related to forecasting economic variables, which is covered both in micro and macroeconomics.

Microeconomics Deals with Which of the Following