Practicing Success

Target Exam

CUET

Subject

Economics

Chapter

Macro Economics: Introduction

Question:

Ashish wants to research on unemployment levels in the economy. Which branch of economics does this topic fall under?

Options:

Price theory

Microeconomics

Macroeconomics

Factor price determination

Correct Answer:

Macroeconomics

Explanation:

The correct answer is Option 3: Macroeconomics

Macroeconomics is the branch of economics that deals with the overall performance, structure, and behavior of an economy as a whole. It focuses on large-scale economic phenomena such as national income, unemployment, inflation, and economic growth. Therefore, studying unemployment levels in the economy falls squarely within the domain of macroeconomics.