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The main difference between macroeconomics and microeconomics is that macroeconomics focuses on the aggregate economy, and microeconomics focuses on small components of that economy.
What is microeconomics and macroeconomics?
Macroeconomics is a branch of economics that studies the aggregate economy. Macroeconomics studies economic aggregates such as inflation, unemployment, GDP and growth rate. A topic in macroeconomics could be the effect of inflation on the US economy.
Microeconomics is a branch of economics that studies the economic activities of economic agents in the economy. It studies the decision making process of firms and individuals in response to change in the economic variables.
Here is the complete question:
The main difference between macroeconomics and microeconomics is that:
a) macroeconomics looks at how individuals make choices, and microeconomics looks at the aggregate of those choices.
b) microeconomics largely deals with the fallacy of composition, and macroeconomics does not deal with the fallacy of composition.
c macroeconomics focuses on the aggregate economy, and microeconomics focuses on small components of that economy.
d) macroeconomics is concerned with economic policy, and microeconomics is concerned with international policies
To learn more about macroeconomics, please check: https://brainly.com/question/13244131
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