For a Macroeconomist, the Case for Aggregation Is Based on Two

question 134

Multiple Choice

For a macroeconomist, the case for aggregation is based on two principles-(1) the composition of demand and supply may not matter for some purposes and (2)

• A)during fluctuations markets normally move together.
• B)individual markets allocate resources efficiently.
• C)inflation, unemployment, and growth never go together.
• D)individual markets distribute income efficiently.

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Definitions:

Umbilical Cord

A flexible cordlike structure containing blood vessels, connecting a fetus in the womb to the placenta, and supplying the fetus with oxygen and nutrients while removing waste products.

Placenta

An organ that develops during pregnancy, facilitating nutrient uptake, waste elimination, and gas exchange via the mother's blood supply.

Allantois

A membranous sac that develops from the posterior part of the yolk sac in the embryos of mammals, birds, and reptiles, involved in respiration and excretion.

Gametogenesis

The process through which gametes, or sex cells, are produced in the reproductive organs of an organism.