What Is the Fundamental Difference Between Macroeconomics and Microeconomics

question 1

Multiple Choice

What is the fundamental difference between macroeconomics and microeconomics?

• A)Macroeconomics involves studying the economy as a whole, while microeconomics involves studying the behavior of individual industries, firms, and households.
• B)Macroeconomics concentrates on those parts of the economy involving very large amounts of money, while microeconomics concentrates on those parts of the economy involving small sums of money.
• C)Macroeconomics studies the behavior of large firms, while microeconomics studies the behavior of small firms.
• D)There is no difference, basically macroeconomics and microeconomics are one and the same.
• E)None of the above.

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