Question

Macro-Economics does not study ________ . (whole economy / national income / aggregate supply / product pricing), Fill in the blank with appropriate alternative given in the bracket.

Answer 1

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Macro economics does not study the whole economy.

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Answer 2

Macro-Economics does not study product pricing.

Explanation:

• Macroeconomics deals with the aggregate economic variables. It helps to identify factors such as employment level, national income, Inflation, deflation, etc.
• It does not study a individual variable like product pricing.
• Macro Economics: In this branch, we learn about the economy as a total which may influence the various aspect of society.
• For example, the Rise in the prices of petrol may affect the other sectors of the economy and can influence the political condition of that region.

Learn more about Macro-Economics:

How is macroeconomics useful in managerial activities?

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why the study of macroeconomics is important to daily life.

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