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.

---

Definitions:

Down Payment

A portion of the purchase price paid to the seller at the time of sale.

Deposit

Money given in advance as security or part payment, indicating commitment to a purchase or agreement and may be refundable under specific conditions.

Specific Performance

A judicial remedy requiring a party to fulfill their obligations under a contract, typically used when monetary damages are inadequate.

Injunctions

Court orders requiring an individual or entity to do or refrain from doing specific acts.