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 ______

Answer 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