ECONOMICS
TECHNOLOGY
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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focuses on the large-scale economy whether it’s regional, national or global
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studies national income, unemployment and production
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focuses on the smaller or more specific aspects of the economy
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is concerned with how the entire economy may grown and shrink
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Detailed explanation-1: -The correct answer is, b. Growth in money supply(MS) is not a goal of macroeconomics.
Detailed explanation-2: -Macroeconomics focuses on the performance of economies – changes in economic output, inflation, interest and foreign exchange rates, and the balance of payments. Poverty reduction, social equity, and sustainable growth are only possible with sound monetary and fiscal policies.
Detailed explanation-3: -The determination of the cost of a product is not a part of the microeconomic study. Explanation: The study of cost/price is part of macroeconomics rather than microeconomics. Microeconomics is defined as the study of the behavior of individuals and making decisions on resource allocation.
Detailed explanation-4: -Definition: Macroeconomics is the branch of economics that studies the behavior and performance of an economy as a whole. It focuses on the aggregate changes in the economy such as unemployment, growth rate, gross domestic product and inflation.