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Identify the correct option from the following in respect of macroeconomics:

Solution

✅ Correct Option: 4

Macroeconomics studies economy-wide aggregates such as total output, employment and the general price level. The growth of total output over time is an aggregate, economy-level question, so it belongs to macroeconomics. Price-output determination in a market, individual agents' behaviour and a firm's profit maximisation are microeconomic questions.

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