The difference between microeconomics and macroeconomics is that
A)microeconomics looks at supply and demand for goods, macroeconomics looks at supply and demand for services.
B)microeconomics looks at prices, macroeconomics looks at inflation.
C)microeconomics looks at individual consumers, macroeconomics looks at national totals.
D)microeconomics looks at national issues, macroeconomics looks at global issues.

Question

Quizplus · Accepted Answer

Microeconomics focuses on the behavior of individual consumers, firms, and industries, while Macroeconomics looks at the overall performance of the economy, including national income, unemployment rates, inflation, and economic growth. Therefore, option C, which describes the difference between microeconomics and macroeconomics accurately, is the best choice.

The Difference Between Microeconomics and Macroeconomics Is That