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What is macro economics

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What is macro economics
  • 1 answers

Yogita Ingle 5 years, 4 months ago

Macroeconomics is a branch of economics that depicts a substantial picture. It scrutinizes itself with the economy at a massive scale, several issues of an economy are considered. The issues confronted by an economy and the headway that it makes are measured and apprehended as a part and parcel of Macroeconomics.

Macroeconomics studies the association between various countries regarding how the policies of one nation have an upshot on the other. It circumscribes within its scope, analysing the success and failure of government strategies.

In macroeconomics we normally clarify the survey of how the nation’s total manufacture and the degree of employment are associated with features (called ‘variables’) like :

  • Cost prices
  • Wage rates
  • Rate of interest
  • Profits etc.,
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