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SSC CHSL 2020 PYQ — Question 45

SSC CHSL - 16th October 2020 - Shift 2 • General Awareness • Q45

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'Income and employment theory' is the other name for which branch of Economics?

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Correct answer: A

Explanation

The correct answer is option 1 i.e. Macroeconomics.

  • Macroeconomics is the study of aggregates as it studies the economy as a whole, rather than the individual economic units as a consumer or a producer.

  • It studies the aggregates such that they cover the entire economy.

  • Macroeconomics is also known as the Theory of Income and Employment, or income analysis, as it focuses on how income and employment levels are determined in an economy and what causes fluctuations in them.