Question

which of the following statements is false re: macroeconomics a) macroeconomics examines the performance and behavior of the economy as an aggregate. b) an aggregate is a collection of specific economic units treated as if they were one unit. c) it is the part of economics concerned with decision making by individual customers, workers, household and business firms. d) it is the study of a specific industry and its economic impact

Answer 1

Macroeconomics is the branch of economics that examines the performance and behavior of the economy as a whole or as an aggregate. It focuses on broad issues such as growth of production, unemployment, inflation, government deficits, and international trade. Therefore, the correct option is C.

Step-by-step explanation:

Macroeconomics is the branch of economics that examines the performance and behavior of the economy as a whole or as an aggregate. It focuses on broad issues such as growth of production, unemployment, inflation, government deficits, and international trade. It is concerned with analyzing and understanding the economy at a macro level, rather than focusing on individual economic agents like customers, workers, households, and business firms.

The false statement in the given options is option c) which states that macroeconomics is the part of economics concerned with decision making by individual customers, workers, households, and business firms. This statement is incorrect because macroeconomics is not concerned with individual decision making. Instead, it looks at the overall behavior and trends of the entire economy.