Question

Which of the following is not one of the limitations of macroeconomics?

a) Unable to study

aggregate measurements

pertaining to an

economy.

b) Models and theories

are abstract and

mathematical.

c) Does not account for

micro-level differences

d) Prescribes policies that

are too general to solve

specific problems.​

Answer 1

Answer:

Limitations of Macroeconomics

Considers Aggregates as Homogenous: The individual data may not be similar in structure or composition. Thus, when such single figures are compiled to get an aggregate value, it may not seem to be that useful..

Hope it helps you.. :)

Answer 2

The limits of Macroeconomics are:

 Extraordinary Performance: ADVERTISEMENTS:

• As noted above, the general practice of individual observations for the entire system may lead to erroneous assumptions about the system as a whole.

Combined Methods:

• Excessive thinking about assembling individual units can lead to erroneous assumptions.

 Infidelity:

• Metaphoric fallacy to deductive inference (MFDI) which is an example of misconceptions in the lines of analogy.

Disagreements between Complete and Individual Changes:

• When there is a discrepancy, the power to restore a person to a state of equality begins when the attitudes and behavior are reunited.

• This can be done by changing one's attitude or behavior or by establishing a basis for diversity.

Problems measuring aggregates:

• Various aggregates are used for measurement.

• Total Gross Domestic Product (GDP MP).

• Complete Domestic Product at Factor Expense (GDP fc).