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Macroeconomics Assignment Answers
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Macroeconomics: A brief look at the topic
Micro and macroeconomics are the two branches of economics that deals with different economic structures, from individual to a whole. Macroeconomics mainly focuses on the study of the national economy and the way the accumulated or combined economy of a country behaves. In this subject, different phenomena and experiences of an economy are widely analyzed ranging from national income, to money and banking, inflation, different theories of employment, public finance, international trade, cyclical fluctuations management of economy, and few more.
Here are some of the major features of macroeconomics.
- The principles of macroeconomics affect a lot of trends in the market, from the availability of goods and services, welfare by government, employment, the way nations communicate with each other on economic terms, the price of food in the shops and much more.
- This subject mainly examines in depth the cumulative symbols such as GDP, price indices, rate of unemployment and also determines how different sectors of the economy connect to one another to understand how the economy operates on a whole.
- The macroeconomic models help to showcase the trends of the national economy in a country, and are used by different government bodies to assist in the development and assessment of economic policies.
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