Which of the following would be considered a microeconomic topic?
A)the severity of a recession
B)the cause of unemployment in the economy
C)the effect of the government budget deficit on inflation
D)the determination of aggregate income
E)the study of how wages are set for mine workers

Question

Quizplus · Accepted Answer

The study of how wages are set for mine workers deals with the specific behavior and decision-making of individuals and firms within a specific market (in this case, the labor market for mine workers), which is the focus of microeconomics. The other answer choices deal with broader economic concepts that are more closely in line with macroeconomics.

Which of the Following Would Be Considered a Microeconomic Topic