Q. 2

Give any two exam

Answer :

Microeconomic studies – In this, we study about how the individual economic agents behave in the markets for different goods and services and how the prices and quantities of goods and services are determined through the interaction of individuals in these markets. Example - What are the reasons for the unemployment of resources? And why do prices rise?

Macroeconomics studies – in this, we focus on the economy as a whole by understanding aggregate measures such as total output, employment, and aggregate price level. Example – price stability – causes of the impact of inflation and deflation; Markets – understanding about the supply and demand of goods and services in the market.

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