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Economics
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what is economics? Difference between microeconomics and macroeconomic.

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Nusrat Fatima
Nusrat FatimaLv10
30 Sep 2019
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Related textbook solutions

Principles of Economics
2nd Edition, 2017
Openstax
ISBN: 9781947172364
Principles of Macroeconomics
2 Edition,
Openstax
ISBN: 9781947172388
Principles of Microeconomics
2 Edition,
Openstax
ISBN: 9781947172340

Related questions

The impact of the national debt on the​ economy's unemployment is an example of
Β 
a) behavioral economics.
b) microeconomics analysis.
c) macroeconomic analysis.
d) irrational economics.
Β 

Provide an example where you may be using economics as a tool for making decisions and classify your example as dealing with microeconomics topics or macroeconomic topics.

What is the difference between microeconomics and macroeconomics?

a. Macroeconomics deals with abstract economic theories, while microeconomics applies those theories to the real world.

b. Microeconomics looks at economic systems in a vacuum, while macroeconomics looks at how those systems interact with one another.

c. Microeconomics deals with economics on the level of individuals or businesses, while macroeconomics deals with economics on the level of states or countries.

d. Macroeconomics looks at the history of economics, while microeconomics is concerned with the present and the future.

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