Practicing Success

Target Exam

CUET

Subject

Economics

Chapter

Macro Economics: Introduction

Question:
Is there is a difference between individual micro economic agents and macroeconomic agents?
Options:
Yes
No
Maybe
Sometimes
Correct Answer:
Yes
Explanation:
State or statutory bodies like the Reserve Bank of India (RBI), Securities and Exchange Board of India (SEBI) will have one or more public goals to pursue as defined by law or the Constitution of India itself. These goals are not those of individual economic agents maximising their private profit or welfare.