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Eco122 tma1 10/10 done

1, was only used as a methodological approach to economic problems

Ans Macro

2, The following person was well known in economics with the general theory of income, output and employment in the wake of the Great Depression of 1929.

ans John Maynard Keynes

The Physiocrats adopted __ in the 18th century, in their table Economique to show the circulation of wealth

Ans macro

4, __ was first used in economics by Ragner Frisch in scientific approach

Ans macro

5, __ can be define as the behavior of the whole (aggregate) economy or economic systems rather than individual economic markets.

ans Macroeconomics

6, The most vital differences between micro and macroeconomics is rather than focusing on individual households and firms, it examines conditions within the __ as a whole

ans economy

7, Another name for __ is the net product

ans circulation of wealth

8, __ was originated with the mercantilists in the __ and 17th centuries

Ans: Macro, 16th

9, The following except one is not the goal of macroeconomics

Ans Price Control

10, ___ means is a situation in which everyone that want to work gets work

Ans Full employment