Economic Awareness - Sectors of Indian Economy
Which of the following best illustrates a Macroeconomic policy tool?
Which of the following best illustrates a Macroeconomic policy tool?
medium Q8 of 15
Step-by-Step Solution
Step 1: Understand macroeconomic policy tools
Macroeconomic policy tools include monetary policy instruments like repo rate adjustments.Step 2: Evaluate options
Setting price ceilings and wage rates are microeconomic or regulatory actions. Consumer preference analysis is microeconomic. Repo rate adjustment is a macroeconomic monetary policy tool.Final Answer:
Adjusting the repo rate by the Reserve Bank of India → Option AQuick Check:
Macroeconomic policy tool = repo rate adjustment ✅
Quick Trick: Monetary policy tools are macroeconomic
Common Mistakes:
MISTAKES- Confusing micro-level price controls with macro policy
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