The branch of economics that studies the aggregate decisions of all households and all firms is called:
A)positive economics.
B)normative economics.
C)microeconomics.
D)macroeconomics.
E)environmental economics.

Question

Quizplus · Accepted Answer

Macro economics focuses on the study of the aggregate decisions of households and firms at a national or global level. Positive economics studies the objective and observable outcomes of economic phenomena, while normative economics deals with normative judgments and policy recommendations. Microeconomics studies individual firms and households, while environmental economics studies the effects of economic activity on the environment.

The Branch of Economics That Studies the Aggregate Decisions of All