Study of the overall behavior of the economy is called ______.

normative economics

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positive economics

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macroeconomics

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microeconomics

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Solution

The correct option is D 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.

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Similar questions

_______ studies the behavior of individual economic units of an economy

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