Which of the following would be considered a topic of study in Macro-economics?
A. The effect of increase in wages on the profitability of cotton industry
B. The effect on steel prices when more steel is imported
C. The effect of an increasing infla¬tion rate on living standards of people in India
D. The effect of an increase in the price of coffee on the quantity of tea consumed
Answer:C
Which of the following would be considered a topic of study in Macro-economics?
A. The effect of increase in wages on the profitability of cotton industry B. The effect on steel prices when more steel is imported C. The effect of an increasing infla¬tion rate on living standards of people in India D. The effect of an increase in the price of coffee on the quantity of tea consumed