CUET Economics 2026 12th May Shift 1 PYQs

The study of total output, employment and aggregate price level of an economy.

A capitalist economy can be defined as an economy in which most of the economic activities have the following characteristics.

(A) Sale and purchase of labour services at their own price.

(B) Sale and purchase of labour services at the wage rate.

(C) Production takes place for selling.

(D) Authorities may intervene to achieve an equitable distribution of the final mix of goods and services.

Choose the correct answer from the options given below:

The basic objective of macroeconomics is to develop theoretical tools. They are called........