The difference between microeconomics and macroeconomics is a matter of
A) scale.
B) time.
C) demographics.
D) politics.
E) cost.

Question

Quizplus · Accepted Answer

Microeconomics examines the behavior of individual consumers, firms, and households in the economy, while macroeconomics examines the overall performance of the economy as a whole. The main difference between the two is the scale of analysis, with microeconomics focusing on specific markets and individuals, and macroeconomics focusing on the economy as a whole.

The Difference Between Microeconomics and Macroeconomics Is a Matter of