Multiple Choice
What is the basic difference between macroeconomics and microeconomics?
A) Microeconomics is concerned with the trees (individual markets) , while macroeconomics is concerned with the forest (aggregate markets) .
B) Macroeconomics is concerned with positive economics, while microeconomics is concerned with normative economics.
C) Macroeconomics is concerned with policy decisions, while microeconomics applies only to theory.
D) Microeconomics looks at the forest (aggregate markets) , while macroeconomics is concerned with the trees (individual markets) .
Correct Answer:
Verified
Correct Answer:
Verified
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