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The objective of macro-economics is to study about—
  • a)
    Problems, principles and policies relating to full employment of available resources
  • b)
    Problems, Principles and policies relating to optimum allocation of resources
  • c)
    Growth of resources
  • d)
    Both a and c
Correct answer is option 'D'. Can you explain this answer?
Verified Answer
The objective of macro-economics is to study about—a)Problems, p...
Macro economics is a field of economics which deals with the economy as a whole. The objective of the macro economics is to maximize the welfare of an economy. It includes principles and policies relating to full employment of available resources as well as the growth of resources.
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The objective of macro-economics is to study about—a)Problems, p...
The economy as a whole, including the behavior of major economic aggregates such as output, employment, income, inflation, and government policies. Its main focus is on understanding the functioning of the overall economy and identifying ways to promote economic growth, stability, and welfare. Macroeconomics examines various economic phenomena such as economic growth, business cycles, inflation, and unemployment, and studies the effects of different policy measures to influence these phenomena. It also analyzes the interrelationships among different economic variables and studies how changes in one variable affect the others.
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The objective of macro-economics is to study about—a)Problems, p...
B) Problems, Principles and policies relation to optimum allocation of resources
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The objective of macro-economics is to study about—a)Problems, principles and policies relating to full employment of available resourcesb)Problems, Principles and policies relating to optimum allocation of resourcesc)Growth of resourcesd)Both a and cCorrect answer is option 'D'. Can you explain this answer?
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