Answer to Question #74664 in Macroeconomics for Alland

Question

What is the diffrent between macroeconomics and microeconomics ?

Answer 1

The difference between macroeconomics and microeconomics is that Microeconomics studies the reasons why people choose one economic decision or another and the results of these decisions. Macroeconomics studies the economy as more whole system. It answers the questions like what rate of inflation should be or analysis the reasons of economic growth or downturn.