In contrast macroeconomics is concerned with things that


Briefly explain whether you agree with the following assertion: "Microeconomics is concerned with things that happen in one particular place, such as the unemployment rate in one city. In contrast, macroeconomics is concerned with things that affect the country as a whole, such as how the rate of teenage smoking in the United States would be affected by an increase in the tax on cigarettes."

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Econometrics: In contrast macroeconomics is concerned with things that
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