Microeconomics is the branch of economics that helps explain economic fluctuations,why the economy shrinks and expands,and why some of the economy's resources are idle.

Question

Quizplus · Accepted Answer

While microeconomics does focus on individual markets, consumers, and businesses, it does not specifically explain macroeconomic fluctuations and resource idleness. Macroeconomics is the branch of economics that studies the overall performance and behavior of the economy as a whole.

Microeconomics Is the Branch of Economics That Helps Explain Economic