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Macroeconomics

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Question

Explain with reasons whether you agree or disagree with following statements.
Macro-Economics deals with the study of individual behaviour. Or
Macro-Economics studies small units.

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Solution

No, the statements are incorrect.
Microeconomics
It is that part of economics which deals with the individual units of the economy. It takes into account the demand and supply of individual units.
Macroeconomics
It is that part of economics which deals with the economic issues that take place on a large scale. It takes into account aggregate demand and aggregate supply.

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