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Question
Macroeconomics
Posted 10 months ago
The central theory of macroeconomics is () A. Price determination theory; B. The theory of wage determination; C. National income determination theory; D. The theory of exchange rate determination.
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Answer from Sia
Posted 10 months ago
C
Key Concept
National income determination theory
Explanation
The central theory of macroeconomics is the national income determination theory, which focuses on how the levels of national income and output are determined in an economy. This includes the analysis of aggregate demand and aggregate supply, and factors that can shift these curves, affecting overall economic performance.
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