MACROECONOMICS

The credit for the development of macroeconomic approach must go to _______

• Dr. Marshall
• Prof. Pigou,
• Lord Keynes
• Joan Robinson

Macroeconomics is know as income analysis

• True
• False

_____economics studies the problem of inflation in the country

• Macro
• Micro
• Static
• Industrial

MACROECONOMICS does not study

• whole economy,
• national income
• aggregate supply
• product pricing

Increase in national income is a microeconomics goal.

• True
• False

Macroeconomics adopts lumping method

• True
• False

_________ is the subject matter of macroeconomics.

• Growth theory
• Factor pricing
• Market structure
• Individual income

Micro and macro approaches are _______

• Competitive
• Alternative
• Substitutes
• Complementary

Microeconomics deals with the study of aggregate.

• True
• False

Write any 4 features of macroeconomics.