The branch of economics that examines the impact of choices on aggregates in the economy is:Question 14Select one:a.positive economics.b.normative economics.c.macroeconomics.d.microeconomics.
Question
The branch of economics that examines the impact of choices on aggregates in the economy is:Question 14Select one:a.positive economics.b.normative economics.c.macroeconomics.d.microeconomics.
Solution
The correct answer is c. Macroeconomics. This branch of economics looks at the economy as a whole or its basic subdivisions such as government, household, and business sectors. It examines the effects of national economic policies such as changing interest rates, tax rates, and government spending. It also explores the causes of economic upswings and downturns, and it tries to explain how to stimulate national economic growth and development.
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