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Question
___________ is the study that considers aggregate behaviour, and the study of the sum of individual economic decisions.
___________ is the study that considers aggregate behaviour, and the study of the sum of individual economic decisions.
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Solution
The correct option is C Macroeconomics
Macroeconomics
1. It is that part of economics which deals with the economic issues that take place on a large scale.
2. It takes into account aggregate demand and aggregate supply.
3. It aims to determine income and employment level of the economy.
4. Example: National income, National output.
Macroeconomics
1. It is that part of economics which deals with the economic issues that take place on a large scale.
2. It takes into account aggregate demand and aggregate supply.
3. It aims to determine income and employment level of the economy.
4. Example: National income, National output.
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