the difference between the study of microeconomics and macroeconomics is the difference between quizlet

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02-09-2022
Business

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the difference between the study of microeconomics and macroeconomics is the difference between quizlet

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tutorconsortium344 tutorconsortium344 · Answer 1 · 2022-09-07T23:36:31-04:00

the required details about Macroeconomics and microeconomics is given in below paragraph

The two subfields of economics are microeconomics and macroeconomics. Microeconomics focuses on the decisions made by people and enterprises, whereas macroeconomics covers the actions of countries and governments.

Even though these two branches of economics appear to be separate, they are connected and mutually beneficial. There are several challenges that crossover between the two fields.

Microeconomics focuses on decisions made by individuals and businesses, whereas macroeconomics investigates decisions made by countries and governments.

Microeconomics is a bottom-up subject since it places a strong emphasis on supply and demand as well as other elements that have an impact on price levels.

to know more about micro and macroeconomics

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