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Definition of Economics

We mainly stu...

Question

We mainly study the following in macroeconomics:

A

External value of money

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B

Product pricing

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C

National income and output

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D

Both (A) and (C)

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Solution

The correct option is D Both (A) and (C)
Macroeconomics studies all the aggregate units in the economy which include the value and dimensions of money, national income and output, employment, inflation, etc.

Product Pricing is a subject matter of Microeconomics.

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