ECONOMICS (CBSE/UGC NET)

Detailed explanation-1: -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-2: -Macroeconomics in its modern form is often defined as starting with John Maynard Keynes and his theories about market behavior and governmental policies in the 1930s; several schools of thought have developed since.

Detailed explanation-3: -Macroeconomics studies how the economy behaves as a whole, including inflation, price levels, rate of growth, national income, gross domestic product and changes in employment rates.

Detailed explanation-4: -Macroeconomics looks at the economy as a whole. It focuses on broad issues such as growth of production, the number of unemployed people, the inflationary increase in prices, government deficits, and levels of exports and imports.

Detailed explanation-5: -Macroeconomics is a branch of economics that deals with the structure, performance and behaviour of the overall economy.