Unformatted text preview: owners and business firms in a free enterprise economy. At times micro-economics will study economic behavior at the industry level. Macroeconomics : Macro theory studies the aggregate level of economic activity, such as the economic systems total output, total level of unemployment, and the general price level for the economy as a whole....
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- Fall '10
- Economics, general price level, free enterprise economy, employ limited resources, Macro theory studies