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Question
Do you agree with the following statement? Give reason.
Macroeconomics deals with the study of individual behaviour.
Options
Agree
Disagree
Solution
I Disagree with the above statement.
Explanation:
The above statement is incorrect as macroeconomics is that branch of economics which deals with the study of aggregates covering the entire economy. It concerns total employment, national income, national output, aggregate demand, aggregate supply, aggregate consumption and savings, total investment, etc. On the other hand, microeconomics deals with the study of individual behaviour.
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