Which of the following statements is true?
A) Microeconomics focuses on specific decision-making units of the economy; macroeconomics examines the economy as a whole.
B) Macroeconomics focuses on specific decision-making units of the economy; microeconomics examines the economy as a whole.
C) Every topic in economics is either a microeconomic or a macroeconomic issue; a topic cannot be both.
D) Topics in microeconomics have public policy implications; topics in macroeconomics do not.

Question

Quizplus · Accepted Answer

Microeconomics focuses on specific decision-making units such as individuals, households, and firms, while macroeconomics examines the economy as a whole, including topics such as inflation, unemployment, and economic growth. This differentiation is fundamental in economics.

Which of the Following Statements Is True