Economists use _____ economic analysis to understand an individual market.They then use _____ economic analysis to guide future national economic policy.

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Economists use microeconomic analysis to understand individual markets and how they function. This includes analyzing the behavior of consumers and producers, market structures, and pricing strategies. On the other hand, macroeconomic analysis is used to guide national economic policy. This involves analyzing the overall performance of the economy, including factors such as GDP, inflation, and unemployment, and making recommendations for fiscal and monetary policy.

Economists Use _____ Economic Analysis to Understand an Individual Market