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Macroeconomics

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Question

Give Reasons or explain the following statements.
The scope of Macro Economics is wide.

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Solution

The scope and subject matter of macroeconomics is wide. This is because it covers multi-dimensional aspects of the economy such as employment, national income, population, etc. So it is wide in the range of topics. Also it is widely used in terms of practical application as well like, formulation of policies, etc.

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Q. Explain with reasons whether you agree or disagree with following statements.
The scope of Macro Economics is wide.

Q. Give reasons or explain the following statements

1) Macro-Economics is the study of aggregates.
2) Macro-Economics is also known as income and employment theory.
3) The scope of Macro-Economics is wide.
4) Macro-Economics deals with whole economy.
5) Macro-Economics is different from Micro-Economics.

Q. Do you agree with the following statements? Give reasons.

1) The scope of Macro-Economics is wide.
2) Macro-Economics deals with the study of individual behavior.
3) Macro-Economics is individualistic
4) Macro-Economics is different from Micro-Economics.
5) Macro-Economics is a partial equilibrium analysis.

Q. Give Reasons or explain the following statements.
Macro Economics is different from Micro Economics. Or Macro Economics is wider than Micro Economics.

Q. Whose opinions have revolutionised the scope of macro economics?

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