[PDF] aggregative economics is also known as

When economics is studied at an aggregate level, it is called macroeconomics.
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  • Why macroeconomics is called aggregate economics?

    It studies about the performance of the economy as a whole and not of any individual firm or business and express it in terms of aggregates. It focuses on the study of problems like inflation, unemployment, poverty, etc.

  • What are the 3 types of macroeconomics?

    Three types of macroeconomic policies are as follows:

    Fiscal policy.Monetary Policy.Supply side policies.

  • What is another name for microeconomics?

    Microeconomics is also known as price theory to highlight the significance of prices in relation to buyer and sellers as these agents determine prices due to their individual actions. Price theory is a field of economics that uses the supply and demand framework to explain and predict human behavior.
  • False, microeconomics deals with prices and production in the market whereas the study of aggregates is the matter of macroeconomics. 1) Macro-Economics is the study of aggregates.
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