Assertion (A): Macroeconomics is also known as Income and Employment Theory
Assertion (A): Macroeconomics is also known as Income and Employment Theory.
Reason (R): Macroeconomics aims to determine the income and employment level of the economy.
Choose the correct alternative among those given below
(a) Both Assertion (A) and Reason (R) are True and Reason (R) is the correct explanation of Assertion (A).
(b) Both Assertion (A) and Reason (R) are True and Reason (R) is not the correct explanation of Assertion (A).
(c) Assertion (A) is True but Reason (R) is False.
(d) Assertion (A) is False but Rason (R) is True.
Anurag Pathak Changed status to publish November 18, 2023
Solution:-
Ans – (a)
Explanation:-
The main focus of macroeconomics is to determine the income and employment level of an economy. thus it is also known as Income and Employment Theory.
Thus Assertion (A) and Reason (R) are correct and Reason (R) is the correct explanation of Assertion (A).
Anurag Pathak Changed status to publish November 18, 2023
