1. Which level of analysis examines the choices of individual agents in production, consumption, investment, and saving?
2. How does macroeconomics analyze an economy?
3. Which combination best represents the main areas and policy roles of macroeconomics?
What does microeconomics analyze about individual agents?
Their choices and decisions in production, consumption, investment, and saving.
How does macroeconomics study economic systems?
By grouping agents into aggregates and analyzing economic flows between them.
Which economic aspects does macroeconomics study at the national level?
National production, overall consumption, investment, and the trade balance.
What central role does the state have in macroeconomics?
It acts through budgetary and monetary policies, planning, information, and incentives.
What is the central macroeconomic triptych?
The production, distribution, and redistribution of wealth.
How does instrumentalism validate a theory?
By the accuracy of its predictions.
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