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What is the other name of Microeconomics and Macroeconomics? -

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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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