Q.State any two branches (scope) of Macroeconomics.

The scope of Macroeconomics covers several distinct theories, most of which this Std XII book studies as separate chapters later on. …

The scope of Macroeconomics covers several broad branches, since it studies the economy as a whole. Two of these are: (i) the Theory of National Income, which studies the definition, measurement and circular flow of a country's total income and output; and (ii) the Theory of Employment, which studies the determination of the aggregate (economy-wide) level of employment and the causes of involuntary unemployment. Other branches include the Theory of the General Price Level (inflation and deflation), the Theory of Money and Banking, the Theory of Public Finance, the Theory of International Trade, and the Theory of Economic Growth — several of which …

Students sometimes name a MICROeconomic branch (like the theory of demand) by mistake — the test is whether the branch studies an AGGRE …