Which of the following best describes the difference between micro and macroeconomics?
Group of answer choices
Macroeconomics studies long-run behavior (one-year or more) while microeconomics studies short-run or immediate behavior.
Macroeconomics is the study of aggregate factors while microeconomics is the study of individuals and individual firms.
Macroeconomics studies the actions of large firms while microeconomics studies the behavior of small firms and individuals.
Macroeconomics deals with bigger, more important issues, while microeconomics deals with the smaller, less significant details.