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Which statement BEST distinguishes macroeconomic decision-makers from microeconomic agents?
AMacro decision-makers are individual households
BMacro decision-makers are individuals maximising personal welfare
CMacro decision-makers are statutory bodies (Government, RBI, SEBI) pursuing public goals defined by law, not private profit
DMacro decision-makers are foreign tourists
Answer & Solution
Correct answer: C. Macro decision-makers are statutory bodies (Government, RBI, SEBI) pursuing public goals defined by law, not private profit
Macroeconomic players are typically institutions like the Government, RBI and SEBI which act in pursuit of public goals (price stability, employment, financial regulation) — not private profit maximisation.
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