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Question
Which part of economic theory aims to determine income and employment level of the economy?
Options
Microeconomics
Macroeconomics
Neither (a) nor (b)
Both (a) and (b)
MCQ
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Solution
Macroeconomics
Explanation:
Macroeconomics studies aggregates of the economy as a whole and aims to determine the level of income and employment. Microeconomics studies individual units and price determination.
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