Change: desirability of certain aspects of the economy) This is where most of the controversy in economics lies. Most of the disagreement among economists involves normative, value-based policies because of the different opinions people hold for what society should be like. Example: Dunkin Doughnuts should develop their formula   View changes from previous version. (Word count: 392)

Change: aggregateAggregate: made of several units and treated as one unit; example is a government, business sectors, and household Its focus is the "big picture" of the economy and relationships between aggregates, rather than the units that make up the aggregate. Macroeconomics looks at:total output,total employment,total   View changes from previous version. (Word count: 291)

Change: Examples of macroeconomic problems are: Should we spend more money on national defense or on education? Will the introduction of the new tax cause prices of products to rise or fall? Microeconomics: examines individual units, e.g. a person, household, firm, or industry. go into specific sectors   View changes from previous version. (Word count: 267)

Change: judgments and what should happen in the economy - that is, how to approach a desired goal. This is where most of the controversy in economics lies. Example: Dunkin Doughnuts should develop their formula and decrease their prices to overtake the all superior Krispy Kreme in sales.   View changes from previous version. (Word count: 202)

Change: Its focus is the "big picture" of the economy and relationships between aggregates, rather than the units that make up the aggregate.Macroeconomics looks at:total output,totalemployment,total income, etc. - it looks at the general factors of economic problemsMicroeconomics: examines individual unitsunits, e.g.   View changes from previous version. (Word count: 107)

Change: Macroeconomics:aggregate:Microeconomics:   View changes from previous version. (Word count: 3)