The term 'Macro Economics' was used by __________ .
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The term 'Macro Economics' was used by __________ .
✓ Correct answer: b) Ragner Frisch
ExplanationMacro Economics studies the economy as a whole (total output, employment, inflation).The term was first used by Ragnar Frisch in 1933. It is different from Micro Economics, which studies individual units like households and firms.Key focus areas include GDP, national income, unemployment, and inflation.
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