Select the correct statements from the following in the context of macroeconomics.
(A) It deals with the aggregate economic variables.
(B) It has emerged as a separate subject in the 1930s.
(C) It takes into account various interlinkages between the different sectors of an economy.
(D) It mostly examines the functioning of the particular sector of the economy.
Choose the correct answer from the options given below:
Select the correct statements from the following in the context of macroeconomics.
(A) It deals with the aggregate economic variables.
(B) It has emerged as a separate subject in the 1930s.
(C) It takes into account various interlinkages between the different sectors of an economy.
(D) It mostly examines the functioning of the particular sector of the economy.
Choose the correct answer from the options given below:
Solution
Macroeconomics deals with aggregate economic variables like national output, employment and the price level, so (A) is correct. It emerged as a separate branch in the 1930s after Keynes's work following the Great Depression, so (B) is correct. It studies the interlinkages between different sectors of the economy, so (C) is correct. Examining a particular sector or unit is microeconomics, so (D) is incorrect. Hence (A), (B) and (C) only.
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