Microeconomics is a branch of economics that examines the impact of choices on aggregates in the economy.

Question

Quizplus · Accepted Answer

Microeconomics is a branch of economics that examines individual or firm level choices and their impact on the allocation of resources and prices in the market, rather than aggregates in the economy. Macroeconomics, on the other hand, examines variables such as inflation, economic growth, and unemployment.

Microeconomics Is a Branch of Economics That Examines the Impact