Question by  geminis5 (1)

Can you help me define the differences and similarities between Macroeconomics and Microeconomics?

I need details and specific examples.  


Answer by  iggypop (111)

Anything Macro deals with large underlying issues: government debt, unemployment, GDP. Micro deals with issues facing a specific entity: long term debt, firing a CEO, loss of market share.


Answer by  tamarawilhite (17883)

Microeconomics is how one person or household behaves. Macroeconomics is how large groups behave. How one person cuts spending after downsizing is microeconomics. When millions more spend less, it's recessionary.

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