Question

the following is not a subject matter of macroeconomics​

Answer 1

Answer:

Micro economics deals in the study of individual units whereas national economy's annual rate of growth is a macro variable as it is related to the whole economy

Answer 2

Question- The following is not a subject matter of macroeconomics:

[a] National income accounting [b] Law of demand and supply

[c] Business cycle [d] general price level

The Law of demand and supply is not a subject matter of macroeconomics. (Option b)

• The scope of macroeconomics is wide and includes computation of the national income, changes in inflation, prices, and interest rates.
• It is also concerned with the GDP, unemployment, and aggregate output of an economy.
• However, the law of demand and supply falls under the purview of microeconomics.
• It focuses on individual markets and their interaction. So, b is the correct option.

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