Which of the following is true of microeconomics?
A) It is often a focal point of debates in a presidential campaign.
B) It is the study of the behavior of individual firms and individual consumers.
C) It is often focused on the tradeoff between the rate of inflation and the unemployment rate.
D) It is based on theories that help us understand the relationship between the money supply and interest rates.
E) It is the study of the economy in aggregate.
Correct Answer:
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