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is inflation a macroeconomics or a microeconomics question why.pdf

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is inflation a macroeconomics or a microeconomics question? why? Solution Inflation is a macroeconomic concept as it is defined as the rate at which the overall prices of goods and services are rising. So, inflation includes prices of almost all goods and services produced in an economy. Since, the concept is concerned with the whole economy rather than any particular individual, business unit or a firm, or a particular industry, inflation is a macroeconomics concept.

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is inflation a macroeconomics or a microeconomics question? why? Solution Inflation is a macroeconomic concept as it is defined as the rate at which the overall prices of goods and services are rising. So, inflation includes prices of almost all goods and services produced in an economy. Since, the concept is concerned with the whole economy rather than any particular individual, business unit or a firm, or a particular industry, inflation is a macroeconomics concept

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