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.

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Definitions:

Structure Labeled

A diagram or model of an object in which specific parts are marked and named to aid in identification and understanding.

Eyespots

Photoreceptor cells in some unicellular organisms that allow them to detect light, aiding in survival by guiding movements towards or away from light sources.

Leeches

Blood-sucking or carnivorous aquatic or terrestrial worms, belonging to the class Hirudinea.

Setae

Bristle-like structures found on the bodies of some animals, such as insects and earthworms, used for sensation, locomotion, or attachment.