As an example of the simplifications that make economic theorizing possible,the major economic "totals" are assumed to be constant in the study of
A)government budget deficits.
B)macroeconomics.
C)economic aggregates.
D)microeconomics.
E)unemployment and inflation.

Question

Quizplus · Accepted Answer

In microeconomics, individual markets and actors are studied, often assuming that broader economic totals remain constant to simplify analysis.

As an Example of the Simplifications That Make Economic Theorizing