2. Because macroeconomics covers the economy asa whole, macroeconomists ignore the fine distinctions among different kinds of
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2. Because macroeconomics covers the economy asa whole, macroeconomists ignore the fine distinctions among different kinds of goods, firms, or markets and focus on national totals, such as aggregate consumption. The process of adding individual economic variables to obtain economywide totals is called aggregation.
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Related Book For
Macroeconomics Plus Myeconlab With Pearson Global Edition
ISBN: 377221
9th Canadian Edition
Authors: Andrew B. Abel ,Ben Bernanke ,Dean Croushore
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