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What is the primary focus of macroeconomics?
  • a)
    Study of individual households and firms.
  • b)
    Study of price determination in specific markets.
  • c)
    Study of aggregates and averages covering the entire economy.
  • d)
    Study of economic behavior of small groups of individuals.
Correct answer is option 'C'. Can you explain this answer?
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What is the primary focus of macroeconomics?a)Study of individual hous...
Macroeconomics focuses on studying aggregates and averages that cover the entire economy, such as total employment, national income, national output, aggregate supply and demand, and the general price level. It examines the interrelations among these aggregates and their causes of fluctuations.
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What is the primary focus of macroeconomics?a)Study of individual households and firms.b)Study of price determination in specific markets.c)Study of aggregates and averages covering the entire economy.d)Study of economic behavior of small groups of individuals.Correct answer is option 'C'. Can you explain this answer?
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