Question

Significance of Macro economics?​

Answer 1

Answer:

Macroeconomics is the branch of economics that studies the economy as a whole. Macroeconomics focuses on three things: National output, unemployment, and inflation. Governments can use macroeconomic policy including monetary and fiscal policy to stabilize the economy.

Answer 2

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• It helps to understand the functioning of a complicated modern economic system.
• It describes how the economy as a whole functions and how the level of national income and employment is determined on the basis of aggregate demand and aggregate supply.