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In the question given below there are 2 statements marked as Assertion (A) and Reason (R). Choose the correct alternative from the following options. Assertion (A)- Microeconomics deals with the economic problems relating to aggregate demand and supply of the economy. Reason (R)- Microeconomics addresses the economic problems at the level of individuals units like individual households, firms, industries etc.
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Both (A) and (R) are true and (R) is the correct explanation. Both (A) and (R) are true but (R) is not the correct explanation of (A). (A) Is true but (R) is false. (A) Is false but (R) is true. |
(A) Is false but (R) is true. |
Macroeconomics deals with the economic problems addressed at the level of the country as whole. Various macroeconomics variables include aggregate demand, aggregate supply, unemployment etc. |
