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Question
In macroeconomics, we examine things such as ___________.
In macroeconomics, we examine things such as ___________.
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Solution
The correct option is B the overall price level/GDP growth
In macro economics, we examine things such as the overall price level or GDP growth.
The term ‘Macro’ is derived from the Greek word 'Makro' meaning large. So Macroeconomics is that part of economics which studies the economic problems and issue that are on a large scale. It studies about the performance of the economy as a whole and not of any individual firm or business. It focuses on the study of problems like inflation, unemployment, poverty, etc.
In macro economics, we examine things such as the overall price level or GDP growth.
The term ‘Macro’ is derived from the Greek word 'Makro' meaning large. So Macroeconomics is that part of economics which studies the economic problems and issue that are on a large scale. It studies about the performance of the economy as a whole and not of any individual firm or business. It focuses on the study of problems like inflation, unemployment, poverty, etc.
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