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Question

__________ may be defined as that branch of economic analysis which studies the behaviour of all the units combined together.

A
Microeconomics
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B
Macroeconomics
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C
Individual economics
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D
Household economics
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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.


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