comparison micro vs MACRO

Question 1

Define macro

Answer 1

the branch of economics that studies the behaviors of the whole economy

Question 2

tools of macro

Answer 2

aggregate demand & aggregate supply

Question 3

scope

Answer 3

deals with various issues like:
national income
employment
distribution

Question 4

importance of macro

Answer 4

maintains stability in the general price levels
&
resolves the major problems of the economy as a whole like inflation.

Question 5

limitations of macro

Answer 5

what is true for aggregate may NOT be true for individuals too