Principles of Macroeconomics 7th Edition

Published by South-Western College
ISBN 10: 1-28516-591-8
ISBN 13: 978-1-28516-591-2

Chapter 2 - Thinking Like an Economist - Questions For Review - Page 35: 8

Answer

The two subfield into which economics is divided are microeconomics and macroeconomics.

Work Step by Step

Microeconomists study decision making by households and firms and the interaction among households and firms in the marketplace. Macroeconomists study the forces and trends that affect the economy as a whole.
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