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Question
Assertion (A): Macro-economic analysis shows how the general price level is determined.
Reasoning (R): It deals with determination of the prices of goods and services as well as factors of production.
Options
(A) is True but (R) is False.
(A) is False but (R) is True.
Both (A) and (R) are True and (R) is the correct explanation of (A).
Both (A) and (R) are True and (R) is not the correct explanation of (A).
Solution
(A) is True but (R) is False.
RELATED QUESTIONS
Explain the concept of Macro economics and its features.
Macro economics is different from micro economics.
Do you agree with the following statement? Give reason.
Macroeconomics deals with the study of individual behaviour.
Concepts studied under Macroeconomics.
- Whole economy
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Identify & explain the concept from the given illustration.
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Concepts studied under Macro economics.
- Whole economy
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Concepts studied under Macro economics.
- Whole economy
- Economic development
- Aggregate supply
- Product pricing
