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Economics

Explain difference between; 1.Microeconomics and macroeconomics 2.Positive and Normative economics

Economics Today and Tomorrow, Student Edition

1st Edition

ISBN:9780078747663

Author:McGraw-Hill

Publisher:McGraw-Hill

Chapter1: What Is Economics

Section1.3: What Do Economists Do?

Problem 1R

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Question

Explain difference between;

1.Microeconomics and macroeconomics

2.Positive and Normative economics

Branch of economics that analyzes the behavior and performance of an economy as a whole. It focuses on the study of aggregates and evaluates changes related to unemployment, gross domestic product, inflation, monetary and fiscal policies of the government.

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