Macroeconomics involves the study of the decision-making of individuals or individual firms.

Question

Quizplus · Accepted Answer

Macroeconomics deals with the study of the performance, structure, and behavior of the whole economy or aggregates such as inflation, GDP, unemployment rate, etc, and not individual decision-making. Microeconomics, on the other hand, deals with the study of individual decision-making by consumers, firms, and households.

Macroeconomics Involves the Study of the Decision-Making of Individuals or Individual