The basic difference between macroeconomics and microeconomics is that:
A)microeconomics looks at the forest (aggregate markets) while macroeconomics is concerned with the trees (individual markets).
B)macroeconomics is concerned with policy decisions while microeconomics applies only to theory.
C)microeconomics is concerned with the trees (individual markets) while macroeconomics is concerned with the forest (aggregate markets).
D)macroeconomics is concerned with positive economics while microeconomics is concerned with normative economics.

Question

Quizplus · Accepted Answer

Microeconomics analyzes individual markets, such as the market for specific goods and services, while macroeconomics examines aggregate markets such as the overall economy, including inflation, GDP, and unemployment rates.

The Basic Difference Between Macroeconomics and Microeconomics Is That