The branch of economics that focuses on outcomes in highly aggregated markets, such as the markets for labor or consumption goods, is called:
A)macroeconomics.
B)positive economics.
C)normative economics.
D)microeconomics.

Question

The branch of economics that focuses on outcomes in highly aggregated markets, such as the markets for labor or consumption goods, is called:
A)​macroeconomics.
B)​positive economics.
C)​normative economics.
D)​microeconomics.

Quizplus · Accepted Answer

Macroeconomics focuses on analyzing the behavior and performance of entire economies, instead of individual markets. It looks at large-scale trends in areas such as GDP, inflation, and employment.

The Branch of Economics That Focuses on Outcomes in Highly