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Fill in the Blank Macroeconomics Does Not Study _________. - Economics

MCQ
Fill in the Blanks

Fill in the blank

Macroeconomics does not study _________. 

Options

  • whole economy

  • national income

  • aggregate supply

  • product pricing

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Solution

Macroeconomics does not study product pricing.

Explanation:
Macroeconomics studies an economy as a whole. It focuses on aggregate measures such as aggregate demand, aggregate supply and aggregate price level. As product pricing is an individual variable, it is not studied under macroeconomics. It is studied under microeconomics.

Concept: Improtance of Macro Economic
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APPEARS IN

Micheal Vaz Economics HSC 12th Standard Maharashtra State Board
Chapter 8 Introduction to Macro Economics
Exercise | Q 1.3 | Page 68
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