Answer to Question #287568 in Economics for jyo

Question

Explain why Microeconomic and Macroeconomic issues should be treated at different levels 

Answer 1

Microeconomics is the study of the behavior of individual households and firms in making decisions on the allocation of limited resources.

Macroeconomics is the study of the performance, structure, behavior, and decision-making of an economy as a whole, rather than individual markets.