define Macro Economics
Answers
Definition: Macroeconomics is the branch of economics that studies the behavior and performance of an economy as a whole. It focuses on the aggregate changes in the economy such as unemployment, growth rate, gross domestic product and inflation.
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Answer:
Macroeconomics is the study of economic problems at the macro level, or at the level of the economy as a whole.
well known Economic problems that count in macroeconomics are:-
1- The problem of unemployment.
2- The problem of inflation and deflation.
3- The problem related to exchange rate and BoP ( Balance of Payment)
These problems all related to as a whole level so, it counts in macroeconomics.
More definition of macroeconomics is-
Macroeconomics is a branch of economics that studies how an overall economy- the market system that operate on a large scale- behaves.
Macroeconomics studies economy- wide phenomena such as inflation, price levels, rate of economic growth, national income, gross domestic product, and changes in unemployment.
more definitions are also there.
Explanation:
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