The Branch of Economics Which Studies the Behavior of Entire

question 181

Multiple Choice

The branch of economics which studies the behavior of entire economies and policies that affect the economy as a whole is called

• A)public economics.
• B)microeconomics.
• C)macroeconomics.
• D)normative economics.

---

Definitions:

Reasonably Possible

A term used in accounting and law to describe a situation or outcome that, while not certain, is more than a remote possibility.

Estimable

Capable of being estimated or appraised, often used in finance and accounting to describe assets or liabilities that can be accurately assessed.

Installment Note

A debt instrument that requires regular payments, or installments, of principal and interest over a specified period.

Fiscal Year

A one-year period used for financial reporting and budgeting, which does not necessarily coincide with the calendar year.