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Do You Agree with the Following Statement? Give Reason. Macro-economics Deals with the Study of Individual Behavior. - Economics

Answer in Brief

Do you agree with the following statement? Give reason.

Macro-Economics deals with the study of individual behavior.

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Solution

The above statement is not correct as macroeconomics is that branch of economics which deals with the study of aggregates covering the entire economy. It is concerned with 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.

Concept: Allocation of Resource and Economic Variable
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APPEARS IN

Micheal Vaz Economics HSC 12th Standard Maharashtra State Board
Chapter 8 Introduction to Macro Economics
Exercise | Q 1.2 | Page 69
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