While their respective subject matters differ greatly, both microeconomists and macroeconomists rely on the same basic tools; that is, both rely on
A)government contracts to promote research and publications.
B)demand and supply analysis.
C)the economic theory of John Maynard Keynes.
D)consumer protection laws and antitrust legislation.

Question

Quizplus · Accepted Answer

Both microeconomists and macroeconomists utilize the tools of demand and supply analysis to understand various economic phenomena. While they may focus on different levels of the economy, they both rely on this fundamental principle of economics. The other options listed are not universal tools that both types of economists use.

While Their Respective Subject Matters Differ Greatly, Both Microeconomists and Macroeconomists