The branch of economics which studies the behavior of entire economies and policies that affect the economy as a whole is called
A)public economics.
B)microeconomics.
C)macroeconomics.
D)normative economics.

Question

Quizplus · Accepted Answer

The branch of economics which studies the behavior of entire economies and policies that affect the economy as a whole is called macroeconomics. Option A (public economics) is a sub-field of microeconomics that deals with government spending, taxation, and provision of public goods. Option B (microeconomics) is the branch of economics that studies the behavior of individual agents, such as households, firms, and consumers. Option D (normative economics) is a branch of economics that deals with value judgments and determining how things ought to be rather than how they are.

The Branch of Economics Which Studies the Behavior of Entire