Examlex
Match the person or term with the with the correct description.
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Macroeconomics
The branch of economics that focuses on the behavior, performance, structure, and decision-making of an economy as a whole, rather than individual markets.
Large Aggregates
Broad categories or totals in economic data that combine several individual elements, such as national income, GDP, or total employment.
Economy as a Whole
A broad view of all the economic activities and transactions in a country or region, encompassing consumer, business, and government spending, investments, and trade balance.
Scarcity Problem
A situation where unlimited wants exceed the limited resources available to fulfill those wants, necessitating prioritization and decision-making.
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