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Author Question: Macroeconomics is the branch of economics that examines (Read 71 times)

JGIBBSON

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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.


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Marked as best answer by JGIBBSON on May 25, 2020

chloejackso

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JGIBBSON

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Reply 2 on: May 25, 2020
Excellent


atrochim

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

 

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