The distinction between microeconomics and macroeconomics is
A) clearly drawn, and there is no overlap between them.
B) determined by economists in a clear and concise manner.
C) narrowly drawn, and microeconomic analysis often relies on macroeconomic tools.
D) often blurred because aggregates are made up of individuals and firms.

Question

Quizplus · Accepted Answer

The distinction between microeconomics and macroeconomics is often blurred because macroeconomics deals with aggregate variables that are made up of individuals and firms studied in microeconomics. In addition, microeconomic analysis often relies on macroeconomic tools, and vice versa. Therefore, there is interaction and overlap between the two fields of study.

The Distinction Between Microeconomics and Macroeconomics Is