State the following statements are true or false. 2) Increase in national income is a Micro- Economic goal.

State the following statements are true or false.

2) Increase in national income is a Micro- Economic goal.

ANSWER:

False

Explanation:

The above statement is incorrect. An increase in the national income is a macroeconomic goal. Besides this, macroeconomics focuses on aggregate measures such as aggregate demand, aggregate supply and aggregate price level and confronts major problems such as poverty, unemployment, inflation and BOP disequilibrium.

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