Macroeconomics: Introduction · Class 12 · CBSE · Commerce Economics
A government studies the causes of inflation, unemployment and fluctuations in national income together. Which feature of macroeconomic analysis is r…
Practice question from Macroeconomics: Introduction (Class 12 · CBSE · Commerce Economics), with the correct answer and a step-by-step solution.
hard · MCQ · Q-D713E1
A government studies the causes of inflation, unemployment and fluctuations in national income together. Which feature of macroeconomic analysis is reflected in this approach?
- A.It examines isolated decisions of individual economic units.
- B.It focuses on relationships among major economy-wide aggregates.Correct answer
- C.It assumes that individual markets have no connection with one another.
- D.It considers only the distribution of income among consumers.
Solution
Macroeconomics examines major aggregates and the interdependence among them. Inflation, unemployment and national income are economy-wide variables whose combined behaviour helps explain the performance of the entire economy.
More from Macroeconomics: Introduction
- Which of the following is a macroeconomic question?
- Which statement best explains the scope of macroeconomics?
- Distinguish between microeconomics and macroeconomics, giving one example of each.
- In macroeconomics, national income is classified as which type of economic variable?
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