Microeconomics is the study of what, whereas macroeconomics is the study of what?

Economics Dec 10, 2020

Expert Solution

Within the study of economics, there are two branches: micro and macro. Microeconomics refers to the small units of economics - consumers in their households, and business firms. Macroeconomics studies the economy as a whole - the broad concepts of inflation, unemployment, total production, and money and banking.

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