State whether the following statements are True or False with reason:
After the world depression importance of macro economics study increased.
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Solution
True, after the world depression importance of macro economics study increased.
Explanation:
After the world depression, Lord Maynard Keynes published his book 'General Theory of Employment, Interest and Money'. With the introduction of this book, the analysis of acro economic variables increased and its scope widened.
Concept: Meaning and Features of Macro Economic
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