Compare and contrast the microeconomic forces of demand and supply with the macroeconomic forces of aggregate demand

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Compare and contrast the microeconomic forces of demand and supply with the macroeconomic forces of aggregate demand and aggregate supply. How do the opportunity costs of buyers in the micro context of a single market (for example, for buyers of gasoline) compare to the opportunity costs of buyers of baskets of “output” in the macro context of aggregate demand?

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Principles Of Economics

ISBN: 9781319330156,9781319419769

2nd Edition

Authors: Betsey Stevenson, Justin Wolfers

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