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Question
Fill in the blank
_________ economics studies the problem of inflation in an economy.
Options
Micro
Macro
Static
Industrial
Solution
Macroeconomics studies the problem of inflation in an economy.
Explanation:
Macroeconomics studies how the prices of goods and services in an economy are determined and what causes the change in the price level. Thus, problems concerning the price level constitute the subject matter of macroeconomics.
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