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Question
A steady increase in general price level is termed as_________.
Options
wholesale price index
Business Cycle
Inflation
National Income
MCQ
Fill in the Blanks
Solution
A steady increase in general price level is termed as Inflation.
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Scope of macroeconomics:
Concepts studied under Macro economics.
- Whole economy
- Economic development
- Aggregate supply
- Product pricing
Concepts studied under Micro economics.
- National income
- General price level
- Factor pricing
- Product pricing
