HOW MACRO APPROACH OF ECONOMICS AFFECTS : VARIOUS KEY CONCEPTS ,INDICATORS AND POLICIES
Hi there , Let’s Discuss Macro Economics , its various branches and The Tools/Methods adopted by various countries for managing economic stability Well dear , Macroeconomics is the study of aggregates , it’s the branch of economics that studies the behavior and performance of an economy especially deals with economic activities including economic issues and economic problems at the level of economy as a whole . It focuses on large-scale economic factors and aggregates, such as national income, overall levels of employment, inflation, and economic growth. The goal of macroeconomics is to understand and improve the economic performance of a country or region, ensuring stability and long-term prosperity. Major Schools of Thought in Macroeconomics 1. Classical Economics: o Based on the belief that markets are self-regulating and the economy will naturally return to equilibrium without government intervention. Classical economists emphasize supply-side factors and believe that ...
