Question

Concepts studied under Macroeconomics.

1. Whole economy
2. Economic development
3. Aggregate supply
4. Product pricing

Options

• a, b and c

• b, c and d

• only d

• a, b, c and d

Answer 1

a, b and c

Explanation:

Macroeconomics is a field of economics that studies the entire economy. It focusses on the entire operation of an economy rather than specific marketplaces. Macroeconomics includes ideas such as the overall economy, economic development, and aggregate supply because they all deal with national income, growth, employment, and total production. However, product pricing is linked to microeconomics since it involves decisions made by individual enterprises.