Macroeconomicsis Primarily Concerned with Aggregates

Q3: Inductive method which also called empirical method

Q4: Theories are:<br>A)much more complicated than common sense<br>B)scientific

Q5: If the value of a variable varies

Q6: The method consistsin deriving conclusionsfrom general truths,

Q7: Who defined economics as: a science which

Q9: is a term referring to an intellectual

Q10: introduced the concept of welfare in the

Q11: Division of Labour is limited by the

Q12: Economic efficiency for the entire economy requires

Q13: Milton Friedman restated the :<br>A)labour theory<br>B)profit theory<br>C)quantity