Introduction:
The study of economics can be broadly classified into two categories: microeconomics and macroeconomics. While microeconomics deals with the behavior of individual economic agents such as consumers, firms, and markets, macroeconomics focuses on the performance and behavior of the entire economy as a whole.

General Price Level:
General price level refers to the overall level of prices in an economy. It is an important indicator of the health of the economy as it affects the purchasing power of consumers and the profitability of firms.

Subject Matter:
The study of general price level falls under the purview of macroeconomics. This is because it involves analyzing the behavior of the entire economy rather than individual economic agents. Macroeconomics studies the aggregate behavior of variables such as GDP, inflation, and unemployment, which are closely linked to the general price level.

Examples:
For instance, macroeconomists analyze how changes in the money supply, interest rates, and government policies impact the general price level. They also study the causes of inflation and deflation, and their implications for the economy.

Conclusion:
In conclusion, the study of general price level is a subject matter of macroeconomics. While microeconomics focuses on the behavior of individual economic agents, macroeconomics studies the behavior and performance of the entire economy. Understanding the general price level is crucial for policymakers, businesses, and consumers, as it affects the overall health and well-being of the economy.

Macroeconomics