Question 41 of 41
Q.Explain the scope and subject matter of macro economics.
Maharashtra MsbshseMaharashtra HSC (MSBSHSE) Board 2020Subjective· 4mImportance★★★★★
100% · 41/41 Questions
You're viewing a preview — the full solution, concept, methods & PYQ mapping are locked.
Start your 14-day free trial to unlock the full solution →Macroeconomics studies the economy as a whole — income and employment, money, general prices, growth and distribution.
Meaning: Macroeconomics (Greek makros = large) studies the economy as a whole through aggregates — national income, total employment, aggregate demand and supply, and the general price level. It uses the lumping method.
Scope / subject matter:
- Theory of income and employment — determination of national income and the level of employment (aggregate demand and supply, consumption and investment functions, the multiplier).
- Theory of money — role of money, demand for and supply of money, and banking.
- Theory of general price level — causes and control of inflation and deflation.
- Theory of economic growth and development — long-run growth of national income and per-capita income.
- Theory of distribution — how national income is distributed among factors of production at the aggregate level. …
Unlock everything free for 14 days
- Full step-by-step solutions
- Concept-first explanations
- Methods, shortcuts & mistakes
- PYQ mapping + timed mock tests
Full access for 14 days. No credit card required.