Microeconomics and macroeconomics approaches are ______.
A
competitive
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B
alternative
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C
substitutes
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D
complementary
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Solution
The correct option is D complementary The term complementary means the things which run simultaneously, meaning thereby that without one the other can not be worked out. Microeconomics and macroeconomics are just like the two sides of a coin whereas microeconomics has its foundation on macroeconomics and vice versa.
One can not analyze the individual behavior without assuming to aggregate and likewise aggregate can not be effective unless individual variables are kept in under consideration.