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in Economics by (25.0k points)
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State the following statement is true or false. 

Macro-Economic adopts lumping method.

Options 

  • True 
  • False

1 Answer

+1 vote
by (26.3k points)
selected by
 
Best answer

True 

Explanation: 

Yes. Macroeconomics adopts the lumping method. It splits the entire economy into big lumps; that is, it divides the economy into aggregates for study. It studies how an economy operates as a whole. It focuses on aggregate measures such as aggregate demand, aggregate supply and aggregate price level and studies how these variables are determined and how they change over time.

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