One topic of study for a microeconomist would be the
A) causes of inflation.
B) causes of a nation's unemployment level.
C) effects of a gasoline price increase on consumer behavior.
D) effects of an increase in government spending on overall economic activity.

Question

Quizplus · Accepted Answer

Microeconomics focuses on the behavior of individuals and firms in the market, and the effects of market forces on them. The effects of a gasoline price increase on consumer behavior falls under this category. Options A and D are better suited for macroeconomic analysis, while option B requires both micro and macroeconomic analysis.

One Topic of Study for a Microeconomist Would Be the