Answered: Why we study macroeconomics? Discuss…

Why we study macroeconomics? Discuss the origins of macroeconomics. Also explain the reasons why the classical theories of economic system failed at some point

Survey Of Economics

10th Edition

ISBN:9781337111522

Author:Tucker, Irvin B.

Publisher:Tucker, Irvin B.

Chapter1: Introducing The Economic Way Of Thinking

Section: Chapter Questions

Problem 3SQP

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Why we study macroeconomics? Discuss the origins of macroeconomics. Also explain the reasons why the classical theories of economic system failed at some point

Branch of economics that analyzes the behavior and performance of an economy as a whole. It focuses on the study of aggregates and evaluates changes related to unemployment, gross domestic product, inflation, monetary and fiscal policies of the government.

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