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.

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Definitions:

Rounding Rules

Guidelines for adjusting the digits of numbers to a specific place value, often used to simplify numbers or to adhere to a level of precision.

Rounded

Adjusted to a simpler or more general form, often to the nearest whole number.

Median

The middle value in a sorted list of numbers, providing a measure of central tendency that is not skewed by extreme values.

Mean

The average of a set of numbers, calculated by dividing the sum of these numbers by the count of numbers in the set.