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Online Mock Tests
Chapters
2: Consumer's Behavior
3: Demand Analysis
4: Elasticity of Demand
5: Producer's Behaviour
6: Forms of Market and Price Determination Under Perfect Competition
7: Factors of Production
▶ 8: Introduction to Macro Economics
9: National Income
10: Determinants of Aggregates
11: Money
12: Commercial Banking
13: Central Banking
14: Public Economics
![Micheal Vaz solutions for Economics [English] 12 Standard HSC chapter 8 - Introduction to Macro Economics - Shaalaa.com](/images/economics-english-12-standard-hsc_6:5f2b1b2038084cf381bfa42c826a928c.jpg "Micheal Vaz solutions for Economics [English] 12 Standard HSC chapter 8 - Introduction to Macro Economics")
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Solutions for Chapter 8: Introduction to Macro Economics
Below listed, you can find solutions for Chapter 8 of Maharashtra State Board Micheal Vaz for Economics [English] 12 Standard HSC.
Micheal Vaz solutions for Economics [English] 12 Standard HSC 8 Introduction to Macro Economics Exercise 1 [Page 68]
Fill in the blank
The credit of development of macroeconomic approach must go to ________.
Dr.Marshall
Prof. Pigou
Lord Keynes
Mrs. Joan Robinson
Fill in the blank
_________ economics studies the problem of inflation in an economy.
Micro
Macro
Static
Industrial
Fill in the blank
Macroeconomics does not study _________.
whole economy
national income
aggregate supply
product pricing
Fill in the blank
_________ is the subject matter of Macroeconomics.
Growth theory
Factory Pricing
Market Structure
Individual Incomes
Fill in the blank
Micro and Macro approaches are ________.
competitive
alternative
substitutes
complementary
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.
True
False
State the following statement is true or false.
Increase in national income is a Micro- Economic goal.
True
False
State the following statement is true or false.
Macro-Economic adopts lumping method.
True
False
State the following statement is true or false.
Study of price determination is a subject matter of Macro-Economics.
True
False
State the following statement is true or false.
Micro-Economics deals with the study of aggregates.
True
False
State the following statement is true or false.
National output is an example of macro variable.
True
False
Micheal Vaz solutions for Economics [English] 12 Standard HSC 8 Introduction to Macro Economics Exercise 2 [Page 68]
Define or Explain the following concept
Macro-Economics
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 is the study of aggregates.
Give reason or explain the following statement
Macro-Economics is also known as income and employment theory.
Give reason or explain the following statement
The scope of Macro-Economics is wide.
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.
Micheal Vaz solutions for Economics [English] 12 Standard HSC 8 Introduction to Macro Economics Exercise 3 [Page 68]
Distinguish between the following
Marco-Economics and Macro-Economics
Distinguish between the following
Slicing method and Lumping method
Distinguish Between:
Partial equilibrium and General equilibrium
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
Micheal Vaz solutions for Economics [English] 12 Standard HSC 8 Introduction to Macro Economics Exercise 4 [Page 69]
Answer the following question
What is the scope and subject matter of Macro-Economics?
Answer the following question
What are the features of Macro-Economics?
Micheal Vaz solutions for Economics [English] 12 Standard HSC 8 Introduction to Macro Economics Exercise 5 [Page 69]
Do you agree with the following statement? Give reason.
The scope of Macro-Economics is wide.
Do you agree with the following statement? Give reason.
Macroeconomics deals with the study of individual behaviour.
Agree
Disagree
Do you agree with the following statement? Give reason.
Macro-Economics is individualistic
Do you agree with the following statement? Give reason.
Macro-Economics is different from Micro-Economics.
Do you agree with the following statement? Give reason.
Macroeconomics is a partial equilibrium analysis.
Agree
Disagree
Micheal Vaz solutions for Economics [English] 12 Standard HSC 8 Introduction to Macro Economics Exercise 6 [Page 69]
Answer in detail
State the features of Macro-Economics.
Answer in detail
Explain the scope and subject matter of Macro-Economics.
Solutions for 8: Introduction to Macro Economics
Micheal Vaz solutions for Economics [English] 12 Standard HSC chapter 8 - Introduction to Macro Economics
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Concepts covered in Economics [English] 12 Standard HSC chapter 8 Introduction to Macro Economics are Features of Macro Economic, Importance of Macro Economic, Difference Between Mirco Economic and Macro Economic, Allocation of Resource and Economic Variable.
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