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State Whether the Following Statement is True Or False with Reason:Macro Economics Studies Single Unit. - Economics

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Question

State whether the following statement is True or False with reason:

Macro economics studies single unit.

Solution

False, macro economics does not studies single units.
Explanation:
Macroeconomics studies about how an economy as a whole operates. It focuses on the aggregate measures such as, Aggregate Demand, Aggregate Supply, Aggregate Price Level, etc. It studies how these variables are determined and how they change over time. It helps us in understanding various economic relationships and economic problems at the economy or aggregate level.

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APPEARS IN

 2012-2013 (March) (with solutions)
Question 2.2.8 | 2.00 marks

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Solution State Whether the Following Statement is True Or False with Reason:Macro Economics Studies Single Unit. Concept: Introduction and Features of Micro Economics.
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