Question

State the features of Macro-Economics.

Answer 1

Answer:

Features of Macro-Economics are -

• A unit of study - Macro-Economics deals with the study of the whole economy. This includes aggregate inputs such as the national income, national performance, national employment, the general price levels, the business cycle.
• Money and interest theory - Changes in demand and money supply have a significant impact on employment levels. Accordingly, macroeconomics studies functions of money and related theories. Interest rates for banks and financial institutions are also studied in macroeconomics.
• Economy as a bird eye view - Macro Economics provides an overall picture of the economy. It brings together and connects different aggregates to show the interrelationship between them.

Answer 2

Features of Macro-Economics are

A unit of study - Macro-Economics compact with the research of the total economy. This includes aggregate inputs such as the national income, national performance, national employment, the general price levels, and the business cycle.

Money and interest theory - Changes in demand and money supply have a significant impact on employment levels. Accordingly, macroeconomics studies the purpose of money and related theories. Interest rates for financial and banks institutions are also studied in macroeconomics.

The economy in a bird's eye view - Macro Economics provides an overall concept of the economy. It brings together and connects different aggregates to reveal the interrelationship among them.

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