What is micro and macro?

What is the "balance time" between macro and micro-economics? How does that change policy decisions?

  • I am taking Macro Economics as an online course. It is my first online course, and I truly regret it. I will never do online classes again. The teacher is so hard to reach and you only learn what you read in the book or watch in the videos. One of the questions, for a video we had to watch this week, is "what is the "balance time" between macro and micro-economics?" The problem is the video is only four minutes long and discusses the Fiscal Policy. The term "balance time" is not even mentioned, and I have not ran across that word in my text book yet. Nor is it in the index or in any of the searches I have made. If someone can help me, I would appreciate it. It is due in about an hour. I have never used this before, so I don't know how long it taks for an answer =\.

  • Answer:

    I am not sure, I would guess that if you ignore time and answer a question like: when are policies made based off of microeconomics; macroeconomics, and when would you want to base policies off of each. I hope this helps. (I think balance time is just a phrase used to say all one way or all the other can't work, or the current balance is not working)

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