Macroeconomics analyzes performance of the whole Canadian economy and global economy; the combined outcomes of all individual microeconomic choices.

Question

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Macroeconomics deals with the overall performance and behavior of the economy as a whole, including factors such as inflation, unemployment, and GDP, whereas microeconomics focuses on individual economic decision-making by consumers, households, and firms. Therefore, macroeconomics analyzes the combined outcomes of all individual microeconomic choices.

Macroeconomics Analyzes Performance of the Whole Canadian Economy and Global