State with reasons whether you agree or disagree with the following st

1.	State with reasons whether you agree or disagree with the following statements:Macro economics is a partial equilibrium analysis.
Answer» No, I do not agree with this statement. OR Macro Economics deals with the whole s economy. Yes, I agree with this statement. Macro economics deals with entire economy. Macro economics follow general equilibrium analysis. On the other hand, micro economics follow partial equilibrium analysis. Macro economics studies the behaviour of number of aggregate economic variables. Macro economics follows general equilibrium. It assumes “everything depends on every thing else.” General equilibrium deals with the behaviour of demand, supply and prices in the whole economy. Therefore, macro economics is not a partial equilibrium analysis but it is a general equilibrium analysis.

State with reasons whether you agree or disagree with the following statements:Macro economics is a partial equilibrium analysis.

Answer»

No, I do not agree with this statement.

Macro Economics deals with the whole s economy.

Yes, I agree with this statement.

Macro economics deals with entire economy.
Macro economics follow general equilibrium analysis. On the other hand, micro economics follow partial equilibrium analysis.
Macro economics studies the behaviour of number of aggregate economic variables.
Macro economics follows general equilibrium. It assumes “everything depends on every thing else.”
General equilibrium deals with the behaviour of demand, supply and prices in the whole economy.
Therefore, macro economics is not a partial equilibrium analysis but it is a general equilibrium analysis.