Briefly discuss the difference between microeconomics and macroeconomics What is a circular - flow diagram , and what does it demonstrate If , over time , the demand curve for a product shiftss to the right out more than the supply curve does , what will happen to the equilibrium price ? What will happen to the the equilibrium price if the supply curve shifts out more than the demand curve ? ( It might be helpful to draw a demand and supply curve graph to illustrate your answer . ) Describe the four major categories of expenditures of GDP and write the equation used to represent the relationship between GDP and the four expenditure categories What is the " natural rate of unemployment " ? What is the relationship between the natural rate of unemployment and full employment ? Would it be better for economies to define full employment as being an unemployment rate equal to zero