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What are the differences between microeconomics and macroeconomics?

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

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

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?

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Solution Summary

This solution shows differences between microeconomics and macroeconomics in 683 words with an example of a personal microeconomic and macroeconomic decision.

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