INTRODUCTION TO MACROECONOMICS

Which of the following studies economics as a whole?

• Microeconomics

• Macroeconomics

• Both Microeconomics & Macroeconomics

Which of the following deals with Macroeconomics ?

• Individual income

• Individual output

• Individual savings

• General price level

Which of the following studies the problems of economics at individual levels?

• Microeconomics

• Macroeconomics

• Both Microeconomics & Macroeconomics

Which branch of macroeconomics specifically focuses on the problems of developing economies?

• Development Economics

• Public Finance

• Monetary Economics

• Trade Cycle Theory

Which of the following is the major assumption of the classical school of economics?

• Lack of aggregate demand causes involuntary unemployment

• Govt's fiscal operations can reduce unemployment

• Unemployment & inflation can exist together

• Economy will be in full employment in the long run

Which of the following is not the subject matter of macroeconomics?

• National Income Accounting

• Laws of demand and supply

• Business cycle

• General price level

Which of the following is a subject matter of Macroeconomics?

• Studies Employment & Unemployment

• Promotes Economic Growth & Development

• Determination of National Income

• All of the above options

Whose opinions have revolutionised the scope of Macroeconomics?

• Adam Smith

• Keynes

• Theory of National Income

Which of the following helps to develop & expand the microeconomics theories?

• Macroeconomics

• Theory of Income

• Keynes

• Adam Smith

Which of the following is not concerned with Macroeconomics?

• National Income Accounting

• International Trade

• Inflation

• Individual Firm