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I really don't understand the differences between micro and macro economics. Maybe I'll ask around and see if anyone can help.
Micro focuses on individuals or groups. Macro focuses on the whole economies of different nations.
Mrs. Smith, what is one difference between micro and macro?
Bob- What are some things studied in microeconomics?
Micro examines things like supply and demand, production, regulation, and opportunity cost.
Ask your mom.
Dad- what are some things studied in macroeconomics?
Macro examines things like unemployment, GDP, imports, and exports.
Mom- what are some things studied in macroeconomics?
What a great day! Thanks to my family and friends, I totally understand the differences between macro and micro. Econ is cool!
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