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Before macroeconomics emerged, economists analyzed economic issues using which type of thinking?

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Question

Before macroeconomics emerged, economists analyzed economic issues using which type of thinking?

Options

  • Microeconomic thinking

  • International thinking

  • Macroeconomic thinking

  • Monetary thinking

MCQ
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Solution

Before macroeconomics emerged, economists used microeconomic, or individual-level, thinking. Their analysis focused on individual economic units and commodity markets.

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