which method is used in macro economics slicing luming partial or semi partial method
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lumping method?
lumping method?It divides or slices the economy into smaller units, (such as individual households, individual firms, etc) for the purpose of in-depth study. Macroeconomics uses lumping method for the purpose of economic study. Under lumping method we study the general price level, and not prices of individual products
Partial correlation measures the strength of a relationship between two variables, while controlling for the effect of one or more other variables.
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