Multiple choice

The scope of Macro-Economics revolves around the following except

  1. the theory of economic growth

  2. the theory of price level

  3. the theory of price determination

  4. the theory of employment
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C Correct answer
Explanation

Macroeconomics deals with aggregate economic variables at the economy-wide level - growth theory, price level determination (inflation), and employment theory are all core macro topics. Price determination of individual goods through supply and demand is fundamentally a microeconomic concept, as it deals with individual markets rather than the economy as a whole.

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