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    Macroeconomics studies an economy at an aggregate level by analyzing topics such as GDP, unemployment rates, inflation, and monetary/fiscal policy. It focuses on aggregate supply and demand, and examines how the whole economic system functions. Microeconomics, on the other hand, analyzes individual markets, industries and decision making of households and firms. It observes how small economic units interact with one another in specific markets.

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    Macroeconomics studies an economy at an aggregate level by analyzing topics such as GDP, unemployment rates, inflation, and monetary/fiscal policy. It focuses on aggregate supply and demand, and examines how the whole economic system functions. Microeconomics, on the other hand, analyzes individual markets, industries and decision making of households and firms. It observes how small economic units interact with one another in specific markets.

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    © All Rights Reserved
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    3 views5 pages

    Adobe Scan 20 Sept 2022

    Uploaded by

    Anuvesh Rikhi
    Macroeconomics studies an economy at an aggregate level by analyzing topics such as GDP, unemployment rates, inflation, and monetary/fiscal policy. It focuses on aggregate supply and demand, and examines how the whole economic system functions. Microeconomics, on the other hand, analyzes individual markets, industries and decision making of households and firms. It observes how small economic units interact with one another in specific markets.

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