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Question
What is the other name of Microeconomics and Macroeconomics?
Options
Price Theory, Income Theory
Price Theory, Employment Theory
Cost Theory, Income and Employment Theory
Price Theory, Income and Employment Theory
MCQ
Solution
Price Theory, Income and Employment Theory
Explanation:
Microeconomics' major goal is to determine the price of a commodity or factor of production, whereas macroeconomics' main goal is to calculate the economy's income and employment level. It investigates the overall behaviour of the economy's aggregates.
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