1. Scope of Economics (Micro and Macro) Flashcards
1
Q
What is Microeconomics?
A
Behavior of individual economic agents
2
Q
Macroeconomics
A
study of the economy as a whole
3
Q
GDP
A
Macroeconomics
4
Q
Inflation
A
Macroeconomics
5
Q
Employment/Unemployment
A
Macroeconomics
6
Q
Aggregate Demand
A
Macroeconomics
7
Q
Market
A
Microeconomics
8
Q
Effect of Prices of Goods
A
Microeconomics
9
Q
Labour Market
A
Microeconomics
10
Q
Consumer Behavior
A
Microeconomics
11
Q
Supply of Good
A
Microeconomics