Economy, asked by tanvimk21, 19 days ago

Q. 6. Answer in detail : 1) Explain the basic concepts of macro economics.

Answers

Answered by rathimadhankumar82

Answer:

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.

Description: Macroeconomics analyzes all aggregate indicators and the microeconomic factors that influence the economy. Government and corporations use macroeconomic models to help in formulating of economic policies and strategies.

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