The study of the aggregate economic variables is
A) macroeconomics.
B) microeconomics.
C) positive economics.
D) normative economics.

Question

Quizplus · Accepted Answer

The study of aggregate economic variables such as national income, inflation, and employment is within the realm of macroeconomics. Microeconomics, on the other hand, focuses on the individual or household level, while positive economics deals with descriptive analysis based on empirical evidence, and normative economics deals with value judgments and recommendations.

The Study of the Aggregate Economic Variables Is