Unformatted text preview: MICRO-economics is the study of just one aspect or component of a national economy. For example: the study of just one particular line of business, like the lumber mils or individual farms or individual consumers. Microeconomics also considers how individual choices are influenced by economic forces. MACRO-economics is the branch of economics dealing with the broad and general aspects of an economy. For example: the relationship between the income and investments of a country as a whole. Macroeconomics considers the problems of inflation, unemployment, business cycles and growth. I would image that our national economists have been working overtime running countless models and studies to determine the best way to change the United States current economic situation....
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- Fall '09
- Economics, Business Management student, Don Uhrig, Don Uhrig Principles, Dr. Jim Chase, Dictonary.com