The basic difference between macroeconomics and microeconomics is: microeconomics concentrates on the behavior of individual consumers and firms while macroeconomics focuses on the performance O microeconomics concentrates on individual markets while macroeconomics focuses primarily on international trade. O microeconomics concentrates on the behavior of individual consumers while macroeconomics focuses on the behavior of firms. O microeconomics explores the causes of inflation while macroeconomics focuses on the causes of unemployment. the entire economy
The basic difference between macroeconomics and microeconomics is: microeconomics concentrates on the behavior of individual consumers and firms while macroeconomics focuses on the performance O microeconomics concentrates on individual markets while macroeconomics focuses primarily on international trade. O microeconomics concentrates on the behavior of individual consumers while macroeconomics focuses on the behavior of firms. O microeconomics explores the causes of inflation while macroeconomics focuses on the causes of unemployment. the entire economy
Essentials of Economics (MindTap Course List)
8th Edition
ISBN:9781337091992
Author:N. Gregory Mankiw
Publisher:N. Gregory Mankiw
Chapter2: Thinking Like An Economist
Section: Chapter Questions
Problem 5PA
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![Question 3
The basic difference between macroeconomics and microeconomics is:
Omicroeconomics concentrates on the behavior of individual consumers and firms while macroeconomics focuses on the performance of the entire economy.
O microeconomics concentrates on individual markets while macroeconomics focuses primarily on international trade.
O microeconomics concentrates on the behavior of individual consumers while macroeconomics focuses on the behavior of firms.
O microeconomics explores the causes of inflation while macroeconomics focuses on the causes of unemployment.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fdef86867-9af1-454c-b9f5-049ebb3b5e1a%2F75e8a4c5-de4c-4595-a765-52af7dd33334%2Fiap3ro_processed.png&w=3840&q=75)
Transcribed Image Text:Question 3
The basic difference between macroeconomics and microeconomics is:
Omicroeconomics concentrates on the behavior of individual consumers and firms while macroeconomics focuses on the performance of the entire economy.
O microeconomics concentrates on individual markets while macroeconomics focuses primarily on international trade.
O microeconomics concentrates on the behavior of individual consumers while macroeconomics focuses on the behavior of firms.
O microeconomics explores the causes of inflation while macroeconomics focuses on the causes of unemployment.
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