Question

State the following statement is true or false.

Micro-Economics deals with the study of aggregates.

Options

• True

• False

Answer 1

False
Explanation:
The above statement is not true. Macroeconomics is the study of aggregates. It studies how an economy operates as a whole. It focuses on aggregate measures such as aggregate demand, aggregate supply and aggregate price level. It also studies how these variables are determined and how they change over time.