Question : The main tools of macroeconomics are ___________ and _________.

Option 1: Aggregate demand and aggregate supply

Option 2: Determination of income and employment

Option 3: Both 1 and 2

Option 4: None of the above

Question : The other name of microeconomics is _____________

Option 1: Price Theory

Option 2: Demand approach

Option 3: Supply approach

Option 4: All of the above

Question : The aggregate demand and aggregate supply model is used in:

Option 1: Microeconomics

Option 2: Macroeconomics

Option 3: Econometrics

Option 4: Industrial organization

Question : The concept of demand and supply is a key topic in:

Option 1: Macroeconomics

Option 2: Microeconomics

Option 3: Both microeconomics and macroeconomics

Option 4: Neither microeconomics nor macroeconomics

Question : Effective demand refers to that level of aggregate demand which becomes effective because it is equal to aggregate supply.
 

Option 1: Aggregate demand 
 

Option 2: Aggregate supply 
 

Option 3: Effective demand 
 

Option 4: None of the above.