Question

Write four characteristics of Macro-economics.​

Answer 1

Answer:

1.Macroeconomics is the branch of economics that studies the aggregate units of the economy such as national income, employment, inflation, etc.

2.Macroeconomics uses lumping method for the purpose of economic study. Under lumping method we study the general price level, and not prices of individual products.

3.The policies of Macroeconomics help in maintaining stability in the general price level and resolve the major problems of the economy like inflation, deflation, deflation, unemployment and poverty as a whole.

4.Macroeconomics is concerned with the behaviour of aggregates and their interdependence. It is a general equilibrium analysis in which everything depends on everything else.

Hope this helps you!!

Answer 2

Answer:

Macro- Economics

Macroeconomics essentially examines the factors that lead to changes in the main characteristics of the economy—output, employment, inflation, and the interest rate. ... Currently, there are four competing macroeconomic theories: Keynesian economics, monetarism, the new classical economics, and supply-side economics.