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प्रश्न
Define or Explain the following concept
General equilibrium
उत्तर
General equilibrium is a method to study equilibrium in different markets simultaneously. It is the method of studying macroeconomics. According to Stigler, the theory of general equilibrium is the theory of inter-relationship of all units of the economy. Hence, this method assumes that all macroeconomic variables are interdependent.
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संबंधित प्रश्न
Distinguish between the following.
Revenue expenditure and Capital expenditure.
Give reasons or explain the following statement:
A monopolist can control the supply of goods.
Give reasons or explain the following statement:
Macro economics is comprehensive in nature.
Do you agree with the following statement? Give reason.
Macro-Economics is individualistic
Answer in detail
Explain the scope and subject matter of Macro-Economics.
State the following statement is true or false.
Study of price determination is a subject matter of Macro-Economics.
State the following statement is true or false.
Micro-Economics deals with the study of aggregates.
State the following statement is true or false.
National output is an example of macro variable.
Define or Explain the following concept
Macro variables
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Macro-Economics deals with whole economy.
Give reason or explain the following statement
Macro-Economics is different from Micro-Economics.
Distinguish between the following
Slicing method and Lumping method
Define 'or' explain the following concept.
Lumping method
Define or explain the following concept.
Macro economic variables.
Answer the following question.
What is the subject matter of macro economics?
