If a macroeconomist aggregates many markets into one, then
A)individual market differences are eliminated.
B)one must not confuse ravioli and hotdogs.
C)she is performing a meaningless exercise.
D)differences between products must still be noted.

Question

Quizplus · Accepted Answer

Aggregating many markets into one means combining all the information from individual markets to arrive at a general overview. This effectively eliminates individual market differences, thereby making it important to note differences between products.

If a Macroeconomist Aggregates Many Markets into One, Then