Question

complete the correction
Microecnomics: Individual in come: : macroeconomic

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Answer 1

Microeconomics: Individual income: : macroeconomic

What is the relationship between micro and macro economics?

Microeconomics studies individuals and business decisions, while macroeconomics analyzes the decisions made by countries and governments. Microeconomics focuses on supply and demand, and other forces that determine price levels, making it a bottom-up approach.

Answer 2

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Microeconomics is the study of individuals and business decisions, while macroeconomics looks at the decisions of countries and governments. Though these two branches of economics appear different, they are actually interdependent and complement one another. Many overlapping issues exist between the two fields