Principles of Economics, 7th Edition

Published by South-Western College
ISBN 10: 128516587X
ISBN 13: 978-1-28516-587-5

Chapter 2 - Part I - Thinking Like an Economist - Questions for Review: 8

Answer

Macroeconomics and microeconomics.

Work Step by Step

Macroeconomics is concerned with aggregate demand and how issues such as inflation and unemployment affect the entire economy Microeconomics is concerned with aggregate supply and output. It looks at how individual firms can put policies in place to increase efficiency and productivity
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