0
Want this question answered?
Be notified when an answer is posted
Add your answer:
Earn +20 pts
What does the term macroeconomics refer?
Macroeconomics refers to the national economy.
Why do you think macroeconomics focus on just a few key statistics when trying to understand the health and trajectory of an economy?
Macroeconomics focuses on just a few key statistics when trying to understand the health and trajectory of an economy because trying to incorporate every aspect of the economy would be too difficult. Milton Friedman was a famous macroeconomist.
Distinguish between Microeconomics and Macroeconomics?
Microeconomics means to study the individual economy while in macroeconomics we study the aggregate economy.
What is the part of speech for macroeconomics?
The word macroeconomics is a noun. It is the study of the entire economy.
What is the comparison of macroeconomics and macroeconomics?
The comparison of macroeconomics and macroeconomics is that, it looks at the economy as a whole by considering the aggregates such as; GDP, depression, international trade and un employment problem among others. Macroeconomics differs from Microeconomics in that it looks at the economy as a whole while micro considers a single unit of the economy. for example, household income, business firm and other sectors like agriculture.
Does Macroeconomics addresses the economy as a whole?
yes
Does macroeconomics look at the whole economy?
Yes.
This is the study of all aspects of the economy?
macroeconomics
What is the difference between macroeconomics amd microeconomics with respect to inflation?
MICROECONOMICS- this deals with any individual segment of economy. MACROECONOMICS- this deals with the whole economy.
The branch of economics that focuses on how human behavior affects all areas of the economy?
Macroeconomics
The study of the aggregate economy is known as?
economy ( FALSE)Correct answer would be Macroeconomics
Macroeconomics can best be described as the?
Study of an economy as a whole.
