Macroeconomics and Microeconomics are connected because both are looking at the same economy, but from a different view with different concerns. Tucker (2018) points out that the overall economy is made up of the sum or aggregation of its parts and a change in macro effects micro and vice versa (p. 6). Both are mutually interested in many of the same events such as a shift in tax policy. Microeconomics will focus on the shift in the supply of a specific market or the decision-making of an individual business. Macroeconomics would study to see if the tax change will increase the standard of living. Lastly, both macroeconomics and microeconomics look at the distribution of scared resources.
Respond to each classmate 100 words or more This this the question they had to answer. Explain the difference between macroeconomics and microeconomics. Give examples of the areas of concern for each
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