____________ economic analysis, generally ignores the effects of "intervention policy" of the Government.

Macro

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Micro

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Capitalistic

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Mixed

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Solution

The correct option is B Micro
Micro economic analysis considers factors affecting only on an individual basis. It is a narrow concept. Factors affecting the society as a whole, eg: unemployment and inflation are influenced using government policies and are a part of macro economic study. Micro economic analysis, thus, generally, ignores the intervention policy of the Government.

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Similar questions

	Group "A"		Group "B"
(1)	Microeconomics	(a)	Independent
(2)	Ceteris Paribus	(b)	No government intervention
(3)	Laissez Faire Policy	(c)	Individualistic
(4)	Partial Equilibrium	(d)	Other things remaining equal
(5)	Market Mechanism	(e)	Price determination

Write a critical review of the New Economic Policy.

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