Author Question: Macroeconomics is the branch of economics that examines (Read 97 times)

JGIBBSON · **on:** May 25, 2020

Question 1

The branch of economics that examines the functioning of individual industries and the behaviour of individual decision-making units is
◦ positive economics.
◦ microeconomics.
◦ macroeconomics.
◦ normative economics.

Question 2

Macroeconomics is the branch of economics that examines
◦ outcomes of economic behaviour; evaluates them as good or bad; and prescribes preferred courses of action.
◦ the economic behaviour of aggregates—income, employment, and output—on a national scale.
◦ ways to understand behaviour and the operation of systems without making judgement.
◦ the functioning of individual industries and the behaviour of individual decision-making units, that is, firms and households.

chloejackso · **Reply #1 on:** May 25, 2020

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