Assertion (A) – Macro economic analyses shows how the general price level is determined.
Reasoning (R) – The study of general price level is important on account of the problems created by inflation and deflation.
(i) (A) is true but (R) is false.
(ii) (A) is false but (R) is true.
(iii) Both (A) and (R) are true and (R) is the correct explanation of (A).
(iv) Both (A) and (R) are true and (R) is not the correct explanation of (A).