What is the difference between microeconomics and macroeconomics?
Part 2
A.
Microeconomics is the study of decision making undertaken by individuals while macroeconomics looks at the behavior of the economy as a whole.
B.
Microeconomics examines the big picture while macroeconomics examines individual units.
C.
Microeconomics lends itself to empirical analysis while macroeconomics uses the concept of incentives.
D.
Microeconomics deals with positive analysis while macroeconomics deals with normative analysis.
A. Microeconomics is the study of decision making undertaken by individuals while macroeconomics looks at the behavior of the economy as a whole.
The correct answer is:
A. Microeconomics is the study of decision making undertaken by individuals while macroeconomics looks at the behavior of the economy as a whole.