why does macroeconomics focus on the bigger picture?
In microeconomics, the focus of analysis is on the individual parts of the economy, specifically the buyer (consumer) and the seller (firm). In contrast, macroeconomics focuses on the economy as a whole. [ In macroeconomics, the analysis is of the “big picture” with an exploration of four main issues or problems:
economic growth
business cycles
inflation
unemployment
]
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selymi|Points 7352|
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Asked 1/27/2012 1:10:32 PM
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