What are macro and microeconomics policies?

Answer 1

Macroeconomic policies focus on the economy as a whole, addressing issues such as inflation, unemployment, and national economic growth through tools like fiscal policy (government spending and taxation) and monetary policy (central bank interest rates and money supply). In contrast, microeconomic policies target individual markets and sectors, dealing with issues like consumer behavior, resource allocation, and competition, often implemented through regulations or subsidies. Together, these policies aim to create a balanced and efficient economic environment, addressing both broad economic goals and specific market challenges.