aaronross54

Definition of macroeconomics

what is macroeconomics?
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adfa
Definition: Macroeconomics is the branch of economics that studies the behavior and performance of an economy as a whole. It focuses on the aggregate changes in the economy such as unemployment, growth rate, gross domestic product and inflation. Description: Macroeconomics analyzes all aggregate indicators and the microeconomic factors that influence the economy. Government and corporations use macroeconomic models to help in formulating of economic policies and strategies.
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norris
Hey! Well, macroeconomics is a study of economics in terms of whole systems especially with reference to general levels of output and income and to the interrelations among sectors of the economy
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