How do macroeconomists differ from microeconomists?
A)the basic tools of analysis
B)the underlying principles
C)the use of abstractions and models
D)the problems studied
E)All of the above are correct.

Question

How do macroeconomists differ from microeconomists?
A)the basic tools of analysis 
B)the underlying principles 
C)the use of abstractions and models 
D)the problems studied 
E)All of the above are correct.

Quizplus · Accepted Answer

Macroeconomists study issues related to the overall performance and behavior of the economy, such as inflation, unemployment, monetary and fiscal policy, and economic growth. On the other hand, microeconomists focus on individual market behavior, such as how households and firms make decisions and how they interact in markets. The basic tools of analysis and the use of abstractions and models may be similar between the two, but their underlying principles and the problems they study are different. Therefore, option D is the correct answer.

How Do Macroeconomists Differ from Microeconomists