Question

Understanding how individual sectors of the economy will respond to changes in key economic variables gives us a better understanding of how the macroeconomy behaves. True False

Answer 1

Answer:

True

Explanation:

Hello! Macroeconomics is a branch of the economy that studies the overall behavior and functioning of the economic systems of a region or country as a whole. Its function is to analyze the way in which the aggregate economy behaves. It is responsible for long-term economic growth, productivity, economic cycles, unemployment and inflation.

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