Measuring the rate of inflation is primarily a concern of:
A)positive economics.
B)normative economics.
C)microeconomics.
D)macroeconomics.
E)accounting.

Question

Quizplus · Accepted Answer

Measuring the rate of inflation is a macroeconomic concern, as it involves looking at changes in the overall price level of goods and services in an economy. In contrast, microeconomics focuses on individual markets and the behavior of individual consumers and firms. Positive economics is concerned with describing and explaining economic phenomena, while normative economics aims to prescribe what actions should be taken based on value judgments. Accounting is a related field that focuses on keeping track of financial transactions and preparing financial statements.

Measuring the Rate of Inflation Is Primarily a Concern Of