Which of the following statements most likely lies within the realm of microeconomics?
A) Unemployment rises during a recession and falls during an expansion.
B) An increase in government spending will increase the aggregate demand for goods and services in the economy.
C) A rapid acceleration of the supply of money may create inflation.
D) An increase in labor costs will increase the additional cost of producing another bus.

Question

Quizplus · Accepted Answer

Statement D focuses on the cost of producing an additional unit of a good, which is a concept related to microeconomics. Microeconomics deals with individual and business decisions regarding the allocation of resources and prices of goods and services.

Which of the Following Statements Most Likely Lies Within the Realm