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State the Following Statement is True Or False. Micro-economics Deals with the Study of Aggregates. - Economics

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MCQ
True or False

State the following statement is true or false.

Micro-Economics deals with the study of aggregates.

Options

  • True

  • False

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Solution

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.

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 3.5 | Page 68
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