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The word 'Macro' is derived from a Greek word meaning:
ASmall
BLarge
CWhole
DGrowth
Answer & Solution
Correct answer: B. Large
1. The textbook traces the term to its Greek root.
2. The word Macro is derived from the Greek word Makros, meaning large.
3. Frisch coined micro for small and macro for large when he introduced the pair in 1933.
4. Although macro economics does study the economy as a whole, the question asks for the literal meaning of the root word, which is large.
_Source: TN HSC Class 12 Economics (Samacheer Kalvi, Govt of Tamil Nadu), Ch 1 "Introduction to Macro Economics", §1.2_
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