The main difference between macroeconomics and microeconomics is that macroeconomics _____, and microeconomics _____.
A) largely deals with the fallacy of composition; does not deal with the fallacy of composition
B) focuses on the aggregate economy; focuses on small components of the economy
C) looks at how individuals make choices; looks at the aggregate of those choices
D) is concerned with economic policy; is concerned with international policies

Question

Quizplus · Accepted Answer

Macroeconomics focuses on the aggregate economy, including factors like inflation, GDP, and unemployment rates, while microeconomics looks at small components of the economy, like how individual consumers and firms make decisions about buying and selling goods and services.

The Main Difference Between Macroeconomics and Microeconomics Is That Macroeconomics