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Statements related to macro economics. a. It is the study of aggregates b. It is based on certain assumptions c. It takes into account interdependence between aggregate economic variables - Economics

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Question

Statements related to macro economics.

  1. It is the study of aggregates
  2. It is based on certain assumptions
  3. It takes into account interdependence between aggregate economic variables
  4. It is a policy oriented science

Options

  • a, b, c, d

  • a, b, c

  • b, c, d

  • a, c, d

MCQ
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Solution

a, c, d

Explanation:

  1. Macroeconomics is the study of aggregates such as national GDP and total employment.
  2. It addresses the interrelationship of several economic factors, such as inflation, unemployment, and national output.
  3. Macroeconomics is a policy-oriented field that studies government policies aimed at promoting economic stability, growth, and employment. 

"It is based on certain assumptions," is not a defining feature of macro-economics itself, but more of a general characteristic of economic theories in general. Therefore, it's not included in the correct answer. 

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Chapter 1: Introduction to Micro and Macro Economics - Choose the correct option

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SCERT Maharashtra Economics [English] 12 Standard HSC
Chapter 1 Introduction to Micro and Macro Economics
Choose the correct option | Q 2
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