Macroeconomics Often Relies on Microeconomic Analysis Because

question 118

Multiple Choice

Macroeconomics often relies on microeconomic analysis because

• A) microeconomics is older than macroeconomics.
• B) microeconomic theory can be tested and macroeconomic theory cannot be tested.
• C) all aggregates are made up of individuals and firms.
• D) the effects of macroeconomic subjects such as inflation and unemployment are independent of individual consumers and firms.

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Definitions:

Face

A person’s positive perception of himself or herself in interactions with others.

Symbolic Self-Awareness

Uniquely human ability to think about oneself and use language (symbols) to represent oneself to others.

Self-Reflexiveness

Ability to think about what one is doing while doing it.

Conscientiousness

A personality trait describing someone as efficient, organized, self-disciplined, dutiful, and methodical.