Question

Explain with reasons whether you agree or disagree with following statement.
Macroeconomics is a partial equilibrium analysis.

Answer 1

I do not agree with the statement.

Macroeconomics is a general equilibrium analysis which studies an economic phenomenon by taking all the aggregate units in the economy into consideration.

Partial equilibrium is a condition of equilibrium in the theory of Economics which takes into consideration only a part of the market to attain the equilibrium.