Advertisements
Advertisements
Question
State the following statement is true or false.
Micro-Economics deals with the study of aggregates.
Options
True
False
Solution
False
Explanation:
The above statement is not true. Macroeconomics is the study of aggregates. It studies how an economy operates as a whole. It focuses on aggregate measures such as aggregate demand, aggregate supply and aggregate price level. It also studies how these variables are determined and how they change over time.
APPEARS IN
RELATED QUESTIONS
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.
National output is an example of macro variable.
Define or Explain the following concept
Macro variables
Define or Explain the following concept
General equilibrium
Give reason or explain the following statement
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?
