Macroeconomics explains the behavior of individual households and business firms; microeconomics is concerned with the behavior of aggregates or the economy as a whole.

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Macroeconomics is concerned with the behavior of aggregates or the economy as a whole, such as national income, total employment, and the overall price level; microeconomics explains the behavior of individual households and business firms.

Macroeconomics Explains the Behavior of Individual Households and Business Firms;