What Are The Importance Of Studying Microeconomics And Macroeconomics?


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Anonymous Profile
Anonymous answered
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.
Sheraz Ahmad Profile
Sheraz Ahmad answered
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...

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