What is the difference between microeconomics and macroeconomics? OA. Microeconomics examines the big picture of the national economy, while macroeconomic examines individual units and how they affect one another. OB. Microeconomics lends itself to empirical analysis, while macroeconomics uses the concept of incentives. OC. Microeconomics deals with positive analysis of big corporations and its effect on long-term growth, while macroeconomics deals with normative analysis of small corporations and its effect on short term growth. O D. Microeconomics studies the allocation of resources as it is affected by the workings of the price system, while macroeconomics studies the determination of economic aggregates.
What is the difference between microeconomics and macroeconomics? OA. Microeconomics examines the big picture of the national economy, while macroeconomic examines individual units and how they affect one another. OB. Microeconomics lends itself to empirical analysis, while macroeconomics uses the concept of incentives. OC. Microeconomics deals with positive analysis of big corporations and its effect on long-term growth, while macroeconomics deals with normative analysis of small corporations and its effect on short term growth. O D. Microeconomics studies the allocation of resources as it is affected by the workings of the price system, while macroeconomics studies the determination of economic aggregates.
Chapter1: Making Economics Decisions
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Transcribed Image Text:What is the difference between microeconomics and macroeconomics?
O A. Microeconomics examines the big picture of the national economy, while macroeconomic examines individual
units and how they affect one another.
B. Microeconomics lends itself to empirical analysis, while macroeconomics uses the concept of incentives.
C. Microeconomics deals with positive analysis of big corporations and its effect on long-term growth, while
macroeconomics deals with normative analysis of small corporations and its effect on short term growth.
O D. Microeconomics studies the allocation of resources as it is affected by the workings of the price system, while
macroeconomics studies the determination of economic aggregates.
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