Which of the following is NOT studied in microeconomics?
A)the effect of an increase in gasoline taxes on the purchase of gasoline
B)the impact of an increase in the unemployment rate on economic production
C)the impact of firms' collective hiring choices on the aggregate unemployment rate
D)the impact of higher fuel prices on the cost of airline tickets

Question

Quizplus · Accepted Answer

Microeconomics deals with individual behavior and decision-making of firms and households while macroeconomics deals with the overall performance and behavior of the economy. Option B is a macroeconomic concept since it focuses on the impact of unemployment on the economy.

Which of the Following Is NOT Studied in Microeconomics