Macroeconomics focuses on the behavior of? individual consumers. a specific market. the overall economy. government agencies.

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18-08-2022
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Macroeconomics focuses on the behavior of? individual consumers. a specific market. the overall economy. government agencies.

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aamirmajeed5100 aamirmajeed5100 · Answer 1 · 2022-08-28T10:22:35+02:00

The given statement is false.

A subfield of economics called macroeconomics focuses on aggregate units. It concentrates on factors such as total supply, demand, investment, national income, etc. Macroeconomics examines the overall level of prices.

The units of the individuals are the focus of microeconomics. It focuses on the behavior of various economic agents such as individual customers, companies, or specific markets. Microeconomics examines the level of individual prices.

In order to study the behavior of entire economies, macroeconomics looks at aggregate indicators like the general level of prices, the unemployment rate, and the production of the whole economy. Microeconomics is the study of market behavior.

Hence, the above statement is false.

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