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Question
__________ may be defined as that branch of economic analysis which studies the behaviour of all the units combined together.
__________ may be defined as that branch of economic analysis which studies the behaviour of all the units combined together.
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Solution
The correct option is A Macroeconomics
Macroeconomics is the branch of
economics that studies the aggregate units of the economy like national income,
employment, etc. It uses lumping method for the
purpose of economic study. For example, under lumping method we study the
general price level that is prices of all products, and not prices of
individual products.
Macroeconomics is the branch of economics that studies the aggregate units of the economy like national income, employment, etc. It uses lumping method for the purpose of economic study. For example, under lumping method we study the general price level that is prices of all products, and not prices of individual products.
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