Question

Heya user✌️✌️.

Explain vital components of macroeconomic?

Answer 1

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Vital components of microeconomics are:

(a) Theory of consumer behavior:This theory states that a rational Consumer allocates his income for purchase of different goods and services with aim to maximize his satisfaction

(b) Theory of Producer behavior:This theory states that a rational producer has to decide what to produce and how much with the aim of profit maximization.(c) Theory of Price:This is the theory which tells us how prices are determined in the market....

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Answer 2

ʜᴇʏᴀ ᴜsᴇʀ!
ᴠɪᴛᴀʟ ᴄᴏᴍᴘᴏɴᴇɴᴛs ᴏғ ᴍᴀᴄʀᴏᴇᴄᴏɴᴏᴍɪᴄ:
1⃣⃣. ᴛʜᴇᴏʀʏ ʀᴇʟᴀᴛᴇᴅ ᴛᴏ ᴇϙᴜɪʟɪʙʀɪᴜᴍ ɪɴ ᴛʜᴇ ᴇᴄᴏɴᴏᴍʏ: ɪᴛ ᴜs ᴘᴏᴘᴜʟᴀʀʟʏ ᴋɴᴏᴡɴ ᴀs ᴛʜᴇ ᴛʜᴇᴏʀʏ ᴏғ ɪɴᴄᴏᴍᴇ ᴀɴᴅ ᴇᴍᴘʟᴏʏᴍᴇɴᴛ.ɪᴛ ᴛᴇᴀᴄʜᴇs ʜᴏᴡ ᴇϙᴜɪʟɪʙʀɪᴜᴍ ɪs sᴛʀᴜᴄᴋ ᴡʜᴇɴ: ɪɴ ᴛʜᴇ ᴇᴄᴏɴᴏᴍʏ.
     ( ᴀɢɢʀᴇɢᴀᴛᴇ sᴜᴘᴘʟʏ=ᴀɢɢʀᴇɢᴀᴛᴇ ᴅᴇᴍᴀɴᴅ)

2⃣⃣⃣⃣⃣⃣⃣⃣⃣⃣. ᴛʜᴇᴏʀʏ ʀᴇʟᴀᴛᴇᴅ ᴛᴏ ᴅɪsᴇϙᴜɪʟɪʙʀɪᴜᴍ ɪɴ ᴛʜᴇ ᴇᴄᴏɴᴏᴍʏ : ᴛʜɪs ɪғ ᴛʜᴇ ᴛʜᴇᴏʀʏ ᴏғ ɪɴғʟᴀᴛɪᴏɴ ᴀɴᴅ ᴅᴇғʟᴀᴛɪᴏɴ . ɪᴛ ᴇxᴀᴍɪɴᴇs ᴛʜᴇ ᴄᴏɴsᴇϙᴜᴇɴᴄᴇs ᴡʜᴇɴ 
             ᴀᴅ>ᴀs(ʟᴇᴀᴅɪɴɢ ᴛᴏ ɪɴғʟᴀᴛɪᴏɴ ᴏʀ ɪɴғʟᴀᴛɪᴏɴᴀʀʏ ɢᴀᴘ )
              ᴀᴅ

3⃣⃣⃣⃣⃣⃣⃣⃣⃣⃣. ᴛʜᴇᴏʀʏ ʀᴇʟᴀᴛᴇᴅ ᴛᴏ ᴛʜᴇ ᴄᴏʀʀᴇᴄᴛɪᴏɴ ᴏғ ᴅɪsᴇϙᴜɪʟɪʙʀɪᴜᴍ ɪɴ ᴛʜᴇ ᴇᴄᴏɴᴏᴍʏ: ɪᴛ ʀᴇʟᴀᴛᴇs ᴛᴏ:

1⃣⃣⃣⃣⃣⃣⃣⃣⃣⃣ ᴍᴏɴᴇᴛᴀʀʏ ᴘᴏʟɪᴄʏ(ғᴏᴄᴜsɪɴɢ ᴏɴ ᴛʜᴇ sᴜᴘᴘʟʏ ᴏғ ᴍᴏɴᴇʏ ᴀɴᴅ ᴄʀᴇᴅɪᴛ ᴄʀᴇᴀᴛɪᴏɴ ʙʏ ᴛʜᴇ ᴄᴏᴍᴍᴇʀᴄɪᴀʟ ʙᴀɴᴋ )

2⃣⃣⃣⃣⃣⃣⃣ғɪsᴄᴀʟ ᴘᴏʟɪᴄʏ(ғᴏᴄᴜsɪɴɢ ᴏɴ ɢᴏᴠᴇʀɴᴍᴇɴᴛ ʙᴜᴅɢᴇᴛ ᴀɴᴅ ᴛʜᴇ ɪᴍᴘᴀᴄᴛ ᴏғ ʙᴜᴅɢᴇᴛᴀʀʏ ᴅᴇғɪᴄɪᴛ ɪɴ ᴛʜᴇ ᴇᴄᴏɴᴏᴍʏ ).

3⃣⃣⃣⃣ ᴇxᴄʜᴀɴɢᴇ ʀᴀᴛᴇ ᴘᴏʟɪᴄʏ(ғᴏᴄᴜsɪɴɢ ᴏɴ ᴛʜᴇ ᴍᴀɴᴀɢᴇᴍᴇɴᴛ ᴏғ ᴇxᴄʜᴀɴɢᴇ ʀᴀᴛᴇ ᴀɴᴅ ʙᴏᴘ ᴇϙᴜɪʟɪʙʀɪᴜᴍ).