ECONOMICS (CBSE/UGC NET)

Detailed explanation-1: -Macroeconomics is a branch of economics that studies how an overall economy-the markets, businesses, consumers, and governments-behave. Macroeconomics examines economy-wide phenomena such as inflation, price levels, rate of economic growth, national income, gross domestic product (GDP), and changes in unemployment.

Detailed explanation-2: -Macroeconomics approaches the study of economics from the viewpoint of: the entire economy.

Detailed explanation-3: -Macroeconomics is the study of whole economies–the part of economics concerned with large-scale or general economic factors and how they interact in economies.

Detailed explanation-4: -Key Takeaways Macroeconomics is the branch of economics that studies the economy as a whole. Macroeconomics focuses on three things: National output, unemployment, and inflation.

Detailed explanation-5: -There is big-picture macroeconomics, which is concerned with how the overall economy works. It studies such things as employment, gross domestic product, and inflation-the stuff of news stories and government policy debates.