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What Is the Basic Difference Between Macroeconomics and Microeconomics

Question 267

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What is the basic difference between macroeconomics and microeconomics?


A) Microeconomics explores the causes of inflation, while macroeconomics focuses on the causes of unemployment.
B) Microeconomics concentrates on the behaviour of individual consumers, while macroeconomics focuses on the behaviour of firms.
C) Microeconomics concentrates on the behaviour of individual consumers and firms, while macroeconomics focuses on the performance of the entire economy.
D) Microeconomics concentrates on individual markets, while macroeconomics focuses primarily on international trade.

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