The field of economics that looks at the economy as a whole and focuses on broad issues such as growth, unemployment, inflation, and trade balance is: Multiple Choice Question. macroeconomics.
Economists refer to the relationship that a higher price leads to a lower quantity demanded as the: law of demand. According to the law of demand, assuming other factors are held constant: as the price of bread increases, the quantity of bread demanded will decrease.
The law of demand states that as the price of a good increases: buyers desire to purchase less of it.