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Sagot :
The study of macroeconomics deals with how the whole economy can be affected by important national and global events - such as wars and natural disasters.
Macroeconomics is a subfield of economics that focuses on the behavior of an economy as a whole, including the market and other large-scale processes. Inflation, price levels, economic growth rates, national income, gross domestic product (GDP), and variations in unemployment are only a few examples of the phenomena that macroeconomics analyzes.
Understanding the constraints of economic theory is also crucial. Theories are frequently developed in a vacuum and lack specifics related to the real world, such as taxation, regulation, and transaction costs. In addition to being extremely complex, the real world also contains ethical and social issues that resist quantitative study.
Although the science of macroeconomics is somewhat wide, two particular areas of inquiry serve as good examples of the subject.
To learn more about macroeconomics refer to:
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