"Macroeconomics is the part of economics concerned with individual units, such as a person, a household, a firm, or an industry." This statement is
A) positive but incorrect.
B) positive and correct.
C) normative but incorrect.
D) normative and correct.

Question

Quizplus · Accepted Answer

The statement is actually the opposite of what macroeconomics is concerned with. Macroeconomics is the part of economics concerned with the aggregate or overall levels of economic activity, such as gross domestic product (GDP), inflation, and unemployment.

"Macroeconomics Is the Part of Economics Concerned with Individual Units