Read the statements below marked as Assertion (A) and Reason (R): Assertion (A): In macroeconomics, treating a single commodity as representative of all goods simplifies aggregate analysis. Reason (R): This is because all individual goods always behave identically under inflationary trends. Select the correct option:

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Social Science · Macroeconomics

Verified Solution4 OptionsUpdated: October 2026👁️1 View

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Correct answer

A is true, but R is false.

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Answer 1

Both A and R are true, and R is the correct explanation of A.

Answer 2

Both A and R are true, but R is not the correct explanation of A.

Answer 3

A is true, but R is false.

Answer 4

A is false, but R is true.

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