Which of the Following Statements Best Describes Microeconomics

question 8

Multiple Choice

Which of the following statements best describes microeconomics?

• A) Microeconomics studies GDP with a focus on 'sustainable economic growth'.
• B) Microeconomics would study the factors that cause a recession and how to remedy it.
• C) Microeconomics focusses on the behaviour of firms or consumers in the economy.
• D) Microeconomics studies aggregate variables such as inflation, unemployment, and GDP.

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