Microeconomics focuses on individual decisions, while macroeconomics focuses on overall economic out

Macroeconomics focuses on individual decisions, while microeconomics focuses on overall economic out

Both macroeconomics and microeconomics focus solely on individual decisions.

Both macroeconomics and microeconomics primarily focus on overall economic output.

National income

Aggregate demand

Consumer preferences

Aggregate supply

Allocation of resources

Distribution of output/income

Determination of overall output (and employment)

Maximization of individual gains

To assume variables as constant

To assume variables as changing

To focus on consumer preferences

To maximize individual gains

Export and import

Investment demand

Government spending

All of the above

The impact of a new government policy on the economy

The decision of a firm to produce more or less of a good

The impact of a change in the price of one good on the demand for another good

All of the above