Microeconomics focuses on
A)the relationships among the different parts of the economy.
B)the totals,or aggregates,of the economy.
C)unemployment.
D)business cycles.

Question

Quizplus · Accepted Answer

Microeconomics focuses on the relationships among different parts of the economy at the individual or firm level, such as supply and demand, prices, and market structure. It does not deal with aggregates or overall economic phenomena like unemployment or business cycles, which fall under macroeconomics.

Microeconomics Focuses on