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How does microeconomics relate to macroeconomics?
Can you tell me how microeconomics relates to macroeconomics?
Sure! Microeconomics studies the behavior of individuals and firms in making decisions regarding the allocation of limited resources. Macroecnomics studies the overall functioning and performance of the economy, including topics such as inflation, economic growth, and unemployment. In other words, microeconomics is the building block for macroeconomics.