Question

Give reasons "The scope of Macro-Economics is wide".

Answer 1

The scope of Macro Economics is wide

Explanation:

• Macroeconomics takes a look at studying the totals, i.e. aggregates. (Such as, aggregate demand, aggregate supply, etc.)
• Macroeconomics is wide as it discusses big variables like Total Output, General Price Level and National income as well.
• Macroeconomics is wide because its dynamic in nature. It takes a look at alot of aspects. It is changing and adaptable. It looks at the changing nature of various variables and then shows the causal effect.
• It looks at the overall view of economy as to how everything works in the economy.
• It covers the bigger aspects on a national and international level of every economy.

Answer 2

Answer:

Macroeconomics takes a look at studying the totals, i.e. aggregates. (Such as, aggregate demand, aggregate supply, etc.)

• Macroeconomics is wide as it discusses big variables like Total Output, General Price Level and National income as well.

• Macroeconomics is wide because its dynamic in nature.