macroeconomics

Macroeconomics: Definition, Founders, Uses, Scope, and More

What is Macroeconomics? Macroeconomics is concerned with the nature, relationship, and behavior of such aggregate quantities and averages such as national income, total consumption, saving, investment, total employment, general price level, aggregate expenditure, and the aggregate supply of goods and services. In other words, it studies economic elements as a whole. The subject matters of …

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