Question

Why is the study of problem of unemployment in India considered a macroeconomics study? ( 3M )

Answer 1

Unemployment problem is a problem of the economy as a whole. Therefore, it is a subject matter of macroeconomics.

Answer 2

The study of problem of unemployment can be considered as the study of Macroeconomics as the problem related to the unemployment in India is one of the major economic issues at the level of an economy as a whole.

Hence the Unemployment problem is the problem related to economy as whole.

Therefore, it can be said as the subject matter related to macroeconomics.