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Using an example, explain how John Maynard Keynes distinguished macroeconomics from microeconomics

Economics (MindTap Course List)

13th Edition

ISBN:9781337617383

Author:Roger A. Arnold

Publisher:Roger A. Arnold

Chapter1: What Economics Is About

Section: Chapter Questions

Problem 20QP

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1) Using an example, explain how John Maynard Keynes distinguished macroeconomics from microeconomics.

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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