Macroeconomics - Explained
What is Macroeconomics?
Written by Jason Gordon
Updated at May 28th, 2022
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What is Macroeconomics?
Economics can be broken down into two different fields of studies: macroeconomics and microeconomics.
While microeconomics is the study of how the individual (e.g., one household, one company) is influenced by the market, macroeconomics studies the market influences as a whole, on a much larger scale where forces such as the government or global companies work together.
What are some concepts of macroeconomics?
Economic principles such as the GDP, inflation, or unemployment are various discussions held in the study of macroeconomics. The questions of economic growth, the performance and various behavioral traits that deal with the realm of economics can all be considered to be a part of the macro-level field of economics.
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