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Question
Study of aggregates is known as _______.
Options
Macroeconomics
Microeconomics
Price theory
Factor price determination
MCQ
Fill in the Blanks
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Solution
Study of aggregates is known as macroeconomics.
Explanation:
The study of aggregates in economics is known as Macroeconomics. It focuses on the overall economy, including total national income, aggregate demand, and general price levels. Microeconomics, in contrast, studies individual units like households or firms.
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