The study of inflation is part of ?
Correct answer: C. macroeconomics.
- A. descriptive economics
- B. normative economics
- C. macroeconomics.
- D. microeconomics
Explanation
Inflation is a sustained rise in the general price level, so its causes and effects are studied as economy-wide macroeconomic issues. Microeconomics focuses on individual consumers, firms and markets.
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About Macroeconomics
The economy is studied as a whole through national income, gross domestic product, inflation, unemployment, economic growth and business cycles. Coverage includes aggregate demand and supply, consumption and investment, money and banking, fiscal and monetary policy, exchange rates and balance of payments, which distinguishes macroeconomics from the study of individual markets.
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