Macroeconomics is an aggregate of what happens at the microeconomic level. Would it be possible for what happens at the macro level to differ from how economic agents would react to some stimulus at the micro level? Think about the behaviour of crowds.
Macroeconomics is an aggregate of what happens at the microeconomic level. Would it be possible for what happens at the macro level to differ from how economic agents would react to some stimulus at the micro level? Think about the behaviour of crowds.
Chapter1: Introducing The Economic Way Of Thinking
Section: Chapter Questions
Problem 3SQP
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