Question

Match each term with its definition

Macroeconomics

microeconomics

supply

demand

The study of individual economic behavior, including how consumers and firms make decisions ____

The amount of goods and services produced ____

The amount of goods and services consumed ____

The study of an economic system including its gdp unemployment rate and inflation ______

Answers

  1. Microeconomics – The study of individual economic behavior, including how consumers and firms make decisions
    Supply – The amount of goods and services produced
    Demand – The amount of goods and services consumed
    Macroeconomics – The study of an economic system including its gdp unemployment rate and inflation

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