Microeconomics includes the study of
A) inflation.
B) unemployment.
C) economic growth.
D) the distribution of income.
E) the national aggregate output.

Question

Quizplus · Accepted Answer

Microeconomics focuses on the behavior and decision-making of individual consumers, firms, and industries. The distribution of income is a topic that falls under this purview. A, B, C, and E are topics typically studied in macroeconomics, which examines the functioning and performance of the economy as a whole.

Microeconomics Includes the Study of