The Goal of Macroeconomics Is to Explain the Economic Changes

question 222

True/False

The goal of macroeconomics is to explain the economic changes that affect many households, firms, and markets simultaneously.

---

Definitions:

Georges Boulanger

Georges Boulanger was a French general and politician, known for his charismatic leadership and the political movement he sparked in the late 19th century, which threatened the stability of the Third Republic.

Third Republic

The government system of France from 1870 until the German occupation in 1940, characterized by a democratic parliamentary system.

Franco-Prussian War

A conflict between the Second French Empire and the Kingdom of Prussia (with its German allies) in 1870-1871, leading to the unification of Germany and the downfall of Napoleon III.

Napoleon III

Emperor of the French from 1852 to 1870, known for his expansionist foreign policy, modernization of the French economy, and the establishment of the Second Empire.