Question

micro and macro economics related​

Answer 1

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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.

• Extra Information :-

Macroeconomics focuses on three things: National output, unemployment, and inflation. Governments can use macroeconomic policy including monetary and fiscal policy to stabilize the economy. Central banks use monetary policy to increase or decrease the money supply, and use fiscal policy to adjust government spending.

The definition of macroeconomics is a branch of economics that deals with the relationship of the major factors in an economy. An example of macroeconomics is the study of U.S. employment.

Unemployment, interest rates, inflation, GDP, all fall into Macroeconomics. Congress raising taxes and cutting spending to reduce aggregate demand is macroeconomics.

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