Which of the following statements is true?
A) Microeconomics is the study of an economy as a whole.
B) Macroeconomics studies how individuals make choices.
C) The study of the inflation rate is covered under microeconomics.
D) The study of the unemployment rate is covered under macroeconomics.

Question

Quizplus · Accepted Answer

The unemployment rate is a macroeconomic variable that is studied under the field of macroeconomics. Option A is incorrect because microeconomics focuses on the behavior of individual agents, such as households and firms, within the economy. Option B is incorrect because macroeconomics looks at the economy as a whole, not just the choices of individual consumers. Option C is incorrect because inflation is a macroeconomic phenomenon that is often studied in the context of macroeconomic theory and policy.

Which of the Following Statements Is True