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Which of the of the following statements is an INCORRECT definition of macroeconomics, 1 or 2? Explain why. (2 marks) 1. Macroeconomics is the study

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Which of the of the following statements is an INCORRECT definition of macroeconomics, 1 or 2? Explain why. (2 marks) 1. Macroeconomics is the study of the national economy and the global economy 2. The determination of prices in individual markets is primarily a concern of macroeconomics

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