Do you agree with the following statements? Give reasons.
3) Macro-Economics is individualistic
ANSWER:
The above statement is not correct. Macroeconomics is not individualistic as it does not study only one individual consumer or one individual producer. In fact, macroeconomics studies the behaviour, problems and the economic situation of all the consumers at a time. In other words, it can be said that macroeconomics involves aggregation of all the consuming units.
