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the economic system as a whole

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What level does macroeconomics focus on?

Which level does macroeconomics focus on?


What is the part of speech for macroeconomics?

The word macroeconomics is a noun. It is the study of the entire economy.


Distinguish between Microeconomics and Macroeconomics?

Microeconomics means to study the individual economy while in macroeconomics we study the aggregate economy.


This is the study of all aspects of the economy?

macroeconomics


Why students need to study macroeconomics?

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What institution in ancient Athens had education as its primary focus?

The Academy (Study Island)


Macreconomics is the study of?

Macroeconomics is the study of the economy as a whole instead of individual markets.


Macroeconomics can best be described as the?

Study of an economy as a whole.


Importance of macroeconomics?

Macroeconomics is the study of economics on a grand scale. The subject is important as it is used to make predictions about the economy.


What is the micro and macroeconomics?

Microeconomics deals with the study of how individuals, including individual groups deal with scarcity. Macroeconomics deals with the study of how combinations or aggregates of individuals deal with scarcity.


What is the difference between economic development and macroeconomics?

Macroeconomics is the study of the economy as a whole (as opposed to Microeconomics where the focus is on individual households and individual firms.) Monetary policies are one of the macroeconomic policies using interest rate and money supply to try to control the demand in an economy.


What are the division of economics?

microeconomics and macroeconomics