Which of the following statements regarding macroeconomics and microeconomics is TRUE?
A) Microeconomics examines consumer behavior,while macroeconomics studies business behavior.
B) Macroeconomics employs many of the same analytical tools as microeconomics.
C) Because it focuses on national economies,macroeconomics does not study international trade and finance.
D) Neither macroeconomics nor microeconomics is concerned with prices.

Question

Quizplus · Accepted Answer

Macroeconomics and microeconomics are both branches of economics. While microeconomics focuses on individual economic decisions and the behavior of households and firms, macroeconomics studies the aggregate activities of the entire economy, including unemployment, inflation, and economic growth. Macroeconomics uses many of the same analytical tools as microeconomics, such as supply and demand analysis, game theory, and cost-benefit analysis.

Which of the Following Statements Regarding Macroeconomics and Microeconomics Is