Macroeconomics is:
A) based on microeconomic foundations.
B) completely separate from microeconomics.
C) explicitly based on microeconomic behaviour.
D) a subsidiary branch of microeconomics.

Question

Quizplus · Accepted Answer

Macroeconomics is based on microeconomic foundations, meaning that it relies on the behavior and decisions of individuals and firms to understand and analyze larger economic trends and phenomena such as inflation, unemployment, and economic growth. However, macroeconomics is not purely an extension of microeconomics and incorporates its own unique concepts, models, and theories.

Macroeconomics Is