Explain the difference between macroeconomics and microeconomics. Give examples of each.
What will be an ideal response?
Macroeconomics focuses on aggregate economic behavior. Full employment, price stability, and economic growth are macroeconomic issues. Microeconomics is concerned with the smaller components that actually contribute to the macroeconomy, such as individuals, particular business firms and industries, and government agencies.
Economics
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In the above figure, a decrease in the real interest rate will result in a movement from point E to
A) point F. B) point G. C) point H. D) point I.
Economics
A peak in the business cycle
A. is a temporary maximum point. B. is a temporary minimum point. C. occurs when the inflation rate is its lowest. D. occurs when the unemployment rate is its greatest.
Economics