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Learn more about the basic and Macroeconomics (from the Greek prefix makro- meaning "large" + economics) is a branch of economics dealing with the performance, structure, behavior, and decision-making of an economy as a whole. Current economic models developed out of the broader field of political economy in the late 19th century. Community. Forum. We Economics: Principles, Problems, and Policies, 19th Edition answers to Chapter 27 - Basic Macroeconomic Relationships - Questions - Page 565 4 including work step by step written by community members like you. Microeconomics is the study of individuals' and businesses' decisions, while macroeconomics looks higher up, at national and government decisions. 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