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Q=1 Justify the following statements with reasoning. (10) a) The decision making of individual firm comes in the category of Macroeconomics as it encounters GDP

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Q=1 Justify the following statements with reasoning. (10) a) The decision making of individual firm comes in the category of Macroeconomics as it encounters GDP and production of all individuals in the economy. b) When prices rise like the speed of turtle it is called as stagflation. c) If a consumer buys a chocolate imported from Spain, inflation in the price of chocolate will be calculated by PPI. d) Stock market shares increases in domestic economy will increase the aggregate demand. e) If a consumer consumes more when there is a rise in income, it is autonomous consumption

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