Question

Which of the following is​ true? A. Both microeconomics and macroeconomics deal with same economic issues of​ inflation, unemployment and growth. B. Microeconomics focuses on the determination of the national​ output, while macroeconomics focuses on the production and output of individual industries. C. Microeconomics is the study of the economic​ aggregates, while macroeconomics deals with the functioning of individual industries. D. Macroeconomics is the study of the economy as a​ whole, while microeconomics deals with the individual​ decision-making units.

Answer 1

Answer:

the correct answer is D. Macroeconomics is the study of the economy as a​ whole, while microeconomics deals with the individual​ decision-making units.

Explanation:

Macro economics emerged as a seperate disclipline in the late 1930's witht eh influence of the prominent british economist John Meynard Keynes. it looks at the economy as a whole and tries to solve major economic issues affecting the national economy such as the unemployment, inflation, GDP and current rate changes.

Micro economics on the contrary, looks at how the individuals and firms behave in an economy and tries to explain their decisions and how they react.