Question : Which of the following is related to Microeconomics?
Option 1: Inflation
Option 2: Aggregate Demand
Option 3: Income from Post office
Option 4: Aggregate Supply
Correct Answer: Income from Post office
Solution : Microeconomics is the study of individual units in an economy. The study of what is likely to happen (tendencies) when individuals make choices in response to changes in incentives, prices, and resources is known as microeconomics. Hence, the correct option is C.
Question : Demand-pull inflation occurs when:
Question : The aggregate demand and aggregate supply model is used in:
Question : Effective demand refers to that level of aggregate demand which becomes effective because it is equal to aggregate supply.
Question : The concept of demand and supply is a key topic in:
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