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Write Whether the Following Statement is True Or False: Macro Economic Depends Upon Many Assumptions. - Economics

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Question

Write whether the following statement is True or False: 

Macro economic depends upon many assumptions.

Solution

True, macro economic depends upon many assumptions. 
Explanation:
Macro economic deals with the economy as a whole. It is based on the general equilibrium analysis where it assumes that all the factors depend on everything else and defines the inter-relations between the aggregate economic variables.

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APPEARS IN

 2012-2013 (March) (with solutions)
Question 1.2.5 | 1.00 mark
Solution Write Whether the Following Statement is True Or False: Macro Economic Depends Upon Many Assumptions. Concept: Improtance of Macro Economic.
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