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.

Question

Accepted Answer

***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.⚹◊What are the key components of the aggregate demand equation in macroeconomics?⍭ Generate me a similar question◊

Sia