User: 1) An economist who is studying the relationship between the money supply, interest rates, and the rate of inflation is engaged in A. microeconomic research B. macroeconomic research C. theoretical research, because there is no data on these variables D. empirical research, because there is no economic theory related to these variables

Weegy: An economist who is studying the relationship between the money supply, interest rates, and the rate of inflation is engaged in B. macroeconomic research
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User: A basic difference between microeconomics and macroeconomics is that microeconomics

Weegy: A basic difference between microeconomics and macroeconomics is that microeconomics is concerned with individual businesses and consumers, including considerations for consumer buying habits with relation to a particular individual or one business. Macroeconomics, on the other hand, looks at the economy on a larger scale and considers the financial activities of an entire country, or numerous countries that affect each other financially.
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