The branch of economics that focuses on decision making for the economy as a whole is called:
A) normative economics.
B) macroeconomics.
C) microeconomics.
D) consumer economics.

Question

Quizplus · Accepted Answer

Macroeconomics is the branch of economics that focuses on decision making for the economy as a whole, including factors such as economic growth, inflation, and unemployment. Normative economics focuses on making value judgments about economic policies, microeconomics focuses on decision making at the level of individual households and firms, and consumer economics specifically focuses on the behavior and decision making of consumers.

The Branch of Economics That Focuses on Decision Making for the Economy