Advertisements
Advertisements
Question
Explain the subject matter of macroeconomics.
Solution
The following are some of the important macroeconomic theories which define the subject matter of macroeconomics
- Theory of national income- Macroeconomics helps in the national income analysis. It provides various methods to calculate the national income.
- Theory of employment- Macroeconomics also helps in determining the level of employment and unemployment in an economy.
- Theory of Money- Macroeconomics studies the functions and theories of money. It is useful in analysing the effect of a change in demand and supply of money on the employment levels.
- Theory of general price level- Macroeconomics studies how the general level prices in an economy are determined and the effects of fluctuations on them.
APPEARS IN
RELATED QUESTIONS
Meaning and Definition of Macroeconomics
Effective demand is also called macro economic equilibrium.
Define or Explain the following concepts
Macroeconomic variables
Explain the features of macroeconomics.
Give reasons or Explain the following statements. (Any Three)
Macro Economic is also known as income and employement theory.
Choose the correct answer :
Macro economics studies _________.
Define of Explain the following concepts.
Macro variables
Answer in detail
State the features of Macro economics.
Fill in the blanks with appropriate alternatives given in the bracket.
________economics can study the problem of inflation in the country.
State whether the following statements are True or False with reason:
No monopolistic competition is found in real life.
State whether the following statements are True or False with reason:
After the world depression importance of macro economics study increased.
Fill in the blank
The credit of development of macroeconomic approach must go to ________.
Fill in the blank
_________ economics studies the problem of inflation in an economy.
Fill in the blank
Micro and Macro approaches are ________.
Answer in detail
State the features of Macro-Economics.
Match the following
| Group A | Group B | ||
| 1) | Microeconomics | a) | Harrod and Domar |
| 2) | Macroeconomics | b) | Partial equilibrium |
| 3) | Theory of growth | c) | Principles of economics |
| 4) | Lord Keynes | d) | General equilibrium |
| e) | General theory of employment, interest and money | ||
| f) | Business economics | ||
State the following statement is true or false.
Macro-Economics is known as income analysis.
State the following statement is true or false.
Increase in national income is a Micro- Economic goal.
State the following statement is true or false.
Macro-Economic adopts lumping method.
Define or Explain the following concept
Macro-Economics
Give reason or explain the following statement
Macro-Economics is the study of aggregates.
Give reason or explain the following statement
Macro-Economics is also known as income and employment theory.
Write short note on
Features of Macro-Economics
Write short note on
Subject matter of Macro-Economics
Write short note on
Historical review of Macro-Economics
Complete the correlation:
Micro economics : Slicing method : : Macro economics : ______.
Explain any four features of macroeconomics.
Concepts studied under Macro economics.
- Whole economy
- Economic development
- Aggregate supply
- Product pricing
Complete the correlation:
Micro economics : Slicing method : : Macro economics : ______
Complete the correlation:
Micro economics : Tree : : Macro economics : ______
Write in brief about general equilibrium analysis.
Concepts studied under Macro economics.
- Whole economy
- Economic development
- Aggregate supply
- Product pricing
Concepts studied under Macro economics.
- Whole economy
- Economic development
- Aggregate supply
- Product pricing
Concepts studied under Macro economics.
- Whole economy
- Economic development
- Aggregate supply
- Product pricing
Concepts studied under Macro economics.
- Whole economy
- Economic development
- Aggregate supply
- Product pricing
Concepts studied under Macro economics.
- Whole economy
- Economic development
- Aggregate supply
- Product pricing
Concepts studied under Macro economics.
- Whole economy
- Economic development
- Aggregate supply
- Product pricing
Concepts studied under Macro economics.
- Whole economy
- Economic development
- Aggregate supply
- Product pricing
