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What would you give an example of a microeconomic decision

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Reference no: EM1333704

Question about Microeconomics and Macroeconomics

You are asked to address a professional meeting and explain microeconomics, macroeconomics and their differences. Please answer the following questions:

1. What are the main differences between microeconomics and macroeconomics? Provide an example of a microeconomic and macroeconomic phenomenon.

2. Would you give an example of a microeconomic decision you've made at work or home? What factors contributed to making that decision?

3. Would you give an example of how a macroeconomic phenomenon has impacted a personal or business decision of yours? In the end, what was the result of your decision?

 

Reference no: EM1333704

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