State the following statements are true or false. 5) Micro-Economics deals with the study of aggregates.

State the following statements are true or false.

5) Micro-Economics deals with the study of aggregates.

ANSWER:

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.

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