Home  >  CUET  >  CUET-UG Economics / Business Economics Test: Macro Economics (Determination of Income & Employment and Money & Banking)

Assertion (A) : People's desire for transactions balances increases with increase in income.Reason (R) : People spend an increasing proportion of their income on consumption.

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Macroeconomics is a branch of economics that studies how an overall economy—the market or other systems that operate on a large scale—behaves.


Assertion (A) : People's desire for transactions balances increases with increase in income.<br>Reason (R) : People spend an increasing proportion of their income on consumption.






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