Microeconomics deals with the study of aggregates.

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Solution

False, microeconomics deals with prices and production in the market whereas the study of aggregates is the matter of macroeconomics.

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Similar questions

Q. Give reasons or explain the following statements

1) Macro-Economics is the study of aggregates.
2) Macro-Economics is also known as income and employment theory.
3) The scope of Macro-Economics is wide.
4) Macro-Economics deals with whole economy.
5) Macro-Economics is different from Micro-Economics.

State the following statements are true or false.
1) Macro-Economics is known as income analysis.
2) Increase in national income is a Micro- Economic goal.
3) Macro-Economic adopts lumping method.
4) Study of price determination is a subject matter of Macro-Economics.
5) Micro-Economics deals with the study of aggregates.
6) National output is an example of macro variable.

Q. Microeconomics deals with the study of aggregates.

Q. Microeconomics is the study of aggregates.

Q. Microeconomics does not deal with the aggregate economy.

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