For high value of multiplier, the contribution of the low and medium income people is more than that of the rich people in a society- do you agree with the statement? Explain briefly.
What Are The Importance Of Studying Microeconomics And Macroeconomics?
Micro Economics study the society in individual terms. I.e. Demamand of one consumer, supply of one producer etc..
While Macro Economics study the economy in aggregate terms. I.e National income, aggregate demand, aggregate supply etc...
While Macro Economics study the economy in aggregate terms. I.e National income, aggregate demand, aggregate supply etc...