The issues of inflation, unemployment, and business cycles are
A) major topics of macroeconomics.
B) not relevant to the U.S. economy.
C) the primary focus of microeconomics.
D) positive economic issues, but not normative issues.

Question

Quizplus · Accepted Answer

Inflation, unemployment, and business cycles are major topics of macroeconomics. They are concerned with the performance and behavior of the economy as a whole, rather than individual markets or firms, which is the focus of microeconomics. They are also normative issues, as they involve judgments about what kind of economic outcomes are desirable or optimal.

The Issues of Inflation, Unemployment, and Business Cycles Are