Which type of economics is concerned with theeconomy as a whole?Select the correct answer below:microeconomicsmacroeconomicsindustrial economicsO labor economics

Economics concerned with the economy as a whole refer to the economy where we don't talk about the…

Answered: Which type of economics is concerned…

Which type of economics is concerned with the economy as a whole? Select the correct answer below: Omicroeconomics O macroeconomics O industrial economics O labor economics

Survey Of Economics

10th Edition

ISBN:9781337111522

Author:Tucker, Irvin B.

Publisher:Tucker, Irvin B.

Chapter1: Introducing The Economic Way Of Thinking

Section: Chapter Questions

Problem 3SQP

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Concept explainers

Laffer Curve Analysis

In terms of economics, the Laffer curve was popular among those economists who were or who belonged to the supply side of the economic peripheral. This concept was popularized by the famous supply-side economist known as Arthur Laffer. This curve illustrated the relationship between the tax rates and government revenue. It is already known that the tax which the public or individuals residing in an economy bear is the revenue or income of the government with the help of which the government does all the necessary works in the society, which is beneficial for the economy.

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Which type of economics is concerned with the
economy as a whole?
Select the correct answer below:
microeconomics
macroeconomics
industrial economics
O labor economics

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