Question

macroeconomic adopts lumping method true or false ​

Answer 1

Answer:

true

Explanation:

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Answer 2

Macroeconomics uses lumping method.The answer is True.

Explanation:

Lumping method basically refers to summing or aggregating the economic components or phenomenon to obtain an overall analysis of the entire economy,which is the subject matter of Macroeconomics.In Macroeconomics,individual or micro/single units of the economy are ignored and the aggregate components are emphasized and analyzed.Some of the examples of macroeconomic components include national income,inflation rate,overall employment level in the economy,price level in the economy,GDP and so forth.All these components are aggregated or lumped together for the analytical convenience.