GK
BUSINESS ECONOMICS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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A study of how increase in the corporate income tax rate will affect the national unemployment rate isan example of ____
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Macro-Economics.
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Descriptive Economics.
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Micro-economics.
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Normative economics.
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Explanation:
Detailed explanation-1: -Government policies and rate of unemployment in an economy are the subject matter of macroeconomics. Hence, how increase in the corporate tax will hit the unemployment rate of an economy should be studied under the sphere of macroeconomics as it deals the economy as a whole.
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