Mastering Economic Agents

ProgressiveObsidian avatar
By ProgressiveObsidian

Quiz

Flashcards

9 Questions

ECONOMIC AGENTS INCLUDE:

CONDITION WHERE WE STUDY THE EQUILIBRIUM IN ONE MARKET ONLY AND LEAVING OTHER MARKETS UNCHANGED

WHICH OF THESE IS NOT AN EXAMPLE OF A MICRO- MACRO PARADOX?

WHO IS THE FATHER OF MACROECONOMICS

WHICH OF THESE IS AN EXAMPLE OF MICROECONOMIC STUDY?

THE BOOK WRITTEN BY J M KEYNES IS

WHICH OF THESE IS NOT AN SCOPE (USE) OF MACROECONOMICS

In the following questions, a statement of assertion (A) is followed by a statement of Reason (R). Mark the correct choice as given below: ASSERTION: Aggregation is involved only in macroeconomics

   REASON: Output of a firm is not a macro variable

In the following questions, a statement of assertion (A) is followed by a statement of Reason (R). Mark the correct choice as given below: ASSERTION: central bank of a country regulates the supply of money in the economy

   REASON: total output and employment are taken as constant in macroeconomics

Description

Test your knowledge on economic agents with this quiz! Learn what the term 'economic agents' refers to and determine who can be included as an economic agent. Find out which option is not considered an economic agent. Challenge yourself and expand your understanding of economics!

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