2.1 Micro and Macro economic Flashcards by Ms Wong | Brainscape

Q

Definition Microeconomic

A

The study of the behaviour and decisions of households and firms, and the performance of individual markets

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Q

Definition Macroeconmic

A

The study of whole economy

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Q

Agent/Decision Maker in Macro and Microeconomic

A

Governments, Firms or Households

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