400
In which way do microeconomics and macroeconomics NOT differ?
a. modes of analysis
b. use and application
c. basic assumptions
d. subject of study
e. scale of inquiry
c. basic assumptions
Microeconomics and macroeconomics share the
same basic assumptions, although they differ in
their use, modes of analysis, scale, and subject.
Microeconomics focuses on the small scale while
macroeconomics focuses on the large scale.