1.

Which part of economic theory aims to determine income and employment level of the economy?

Answer»

Microeconomics
Macroeconomics
NEITHER (a) nor (b)
Both (a) and (b)

Solution :B. Microeconomics studies individuals and business decisions, while macroeconomics analyzes the decisions made by countries and governments. Microeconomics focuses on supply and DEMAND, and other FORCES that determine price LEVELS, making it a bottom-up approach


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