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Complete the following statements.(1) The term Macro Economics is derived from the Greek word ‘Makros’ which means ………(2) The terms ‘Micro economics’ and ‘Macro economics’ were coined by Norwegian Economist ………(3) According to Maurice Dobb, Micro economics is in fact a ………(4) The price of all commodity is determined by the forces of ………(5) Four main factors contributing to the production process, are ……(6) Micro economics deals with the study of behaviour of ………(7) Micro economics is based on ‘Ceteris Paribus’ assumptions which means ………(8) Micro economics is useful to government in framing ……(9) According to Keynes, macro economics is a ……(10) Macro economics is known as theory of Income ………(11) Macro economics examines the forest …… |
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Answer» (i) study of large unit (2) Ragnar Frisch (3) microscopic study of the economy (4) demand and supply (5) land, labour, capital and entrepreneur (6) small individual unit (7) other things remaining constant (8) economic policies (9) policy oriented science (10) and employment (11) not a single tree |
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