A friend wants to learn how the unemployment rate is calculated and how inflation is measured. He asks you which economics course to take and you advise him to enroll in
A)macroeconomics.
B)microeconomics.
C)either micro- or macroeconomics. They both concentrate equally on those issues.
D)financial accounting because economics doesn't address those topics in its courses.

Question

Quizplus · Accepted Answer

Macroeconomics is the branch of economics that focuses on the overall performance of a national economy, including unemployment and inflation. It is specifically concerned with analyzing the behavior of aggregate variables, such as total output or income, within an economy. Microeconomics, on the other hand, is more focused on individual markets and how supply and demand interact to determine prices. While microeconomics can be important for understanding specific aspects of unemployment and inflation, macroeconomics provides a more comprehensive framework for analyzing these issues. Therefore, taking a course in macroeconomics would be the best option for someone looking to learn about the calculation of the unemployment rate and the measurement of inflation.

A Friend Wants to Learn How the Unemployment Rate Is