Assertion (A) – Micro economics is based on assumption of ‘Ceteris paribus’.
Reasoning (R) – Macro economics consists of the story of economic growth and development.
(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).