Question

Choose the appropriate answer 

a. The Greek word ‘macros’ means 

1. small 

2. large 

3. very small

b. Partial equilibrium analysis is the methodology of 

1. Microeconomics 

2. macroeconomics 

3. both microeconomics and macroeconomics

c. The words microeconomics and macroeconomics were coined by 

1. J.M. Keynes 

2. Ragner Frisch 

3. Adam Smith

Answer 1

a. 2. large 

b. 1. Microeconomics 

c. 2. Ragner Frisch