Examlex
Which of the following statements is NOT correct?
Personal Costs
Expenses directly paid by an individual, often relating to personal needs or desires, such as healthcare or education.
Macroeconomics
The branch of economics that studies overall economic dynamics, such as total national output, income, unemployment, and inflation.
Microeconomics
The branch of economics that studies individual, household, and firm behavior in decision making and allocation of resources.
Aggregate Markets
The entirety of all buyers and sellers in the economy, engaging in the trade of goods and services summed across all individual markets.
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