We do not use microeconomic analysis:
A) to understand markets and predict changes.
B) to explain why the US is in a recession.
C) to make personal and managerial decisions.
D) to evaluate the merits of public policies.

Question

Quizplus · Accepted Answer

Microeconomic analysis focuses on individual markets and industries, while recessions are generally caused by macroeconomic factors such as changes in interest rates or government policies, and are therefore better explained using macroeconomic analysis.

We Do Not Use Microeconomic Analysis