What is Macroeconomics?
Macroeconomics is the branch of economics that covers the
overall economy of the country on a large scale, like national income, total
savings and investment, total demand and supply, total employment, and general
price level. It studies the behaviour and performance of an economy. The major
concerns of macroeconomics analysis are growth, unemployment, and
inflation.
The aggregates and averages of the entire economy are highlighted
in macroeconomics. We study the subject to understand the functioning of a
complicated modern economic system, price-level and the fluctuations in
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