Question

What is macroeconomics

Answer 1

Answer:

In easy words, study of economic issues related to an economy as a whole

Explanation:

Macroeconomics means using interest rates, taxes and government spending to regulate an economy’s growth and stability. It is a branch of economics dealing with the performance, structure, behavior, and decision-making of an economy as a whole. This includes regional, national, and global economies.

Answer 2

Answer:

Macroeconomics studies large-scale economic decisions.

For example, a whole country's economy (or, its economic output) is summarised by the GDP (gross domestic product).

Many governments use macroeconomic ideas to decide how much tax to collect and what interest rates should be.  It also considers the amount of unemployment, the rate that prices go up (inflation), and the exchange rates of its currency.