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Homework answers / question archive / Microeconomics and macroeconomics are: A) Not related because they are taught separately B) Virtually identical, though one is much more difficult than the other C) Interrelated because what happens in the economy as a whole is based on individual decisions D) Interrelated because both are often taught by the same instructors
Microeconomics and macroeconomics are:
A) Not related because they are taught separately
B) Virtually identical, though one is much more difficult than the other
C) Interrelated because what happens in the economy as a whole is based on individual decisions
D) Interrelated because both are often taught by the same instructors
Microeconomics and macroeconomics are (C) Interrelated because what happens in the economy as a whole is based on individual decisions.
Microeconomics is the study of the economic decisions that firms and individuals make in order to maximize their utility/profit given limited resources. The sum result of all of these outcomes is studied in macroeconomics, which looks at the economy as a whole.
