1.

Give one reason why Macroeconomics and Microeconomics are interdependent.

Answer» Macroeconomics focuses on the aggregate effects of the forces of demand and supply in different markets. On the other hand, microeconomics provides the basic framework of individual units for macroeconomics to study on aggregate measures. Also, the basic goal of both micro and macro approaches is the maximisation of welfare of the people and the whole economy. Therefore, it can be concluded that microeconomics and macroeconomics are interdependent.


Discussion

No Comment Found

Related InterviewSolutions