GK
BUSINESS ECONOMICS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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the branch of economics concerned with large-scale or general economic factors, such as interest rates and national productivity
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the branch of economics concerned with medium-scale economic factors, such as cryptocurrency
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the part of economics concerned with single factors and the effects of individual decisions.
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the part of economics concerned with single factors and the effects of group decisions.
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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 focuses on the performance of economies – changes in economic output, inflation, interest and foreign exchange rates, and the balance of payments. Poverty reduction, social equity, and sustainable growth are only possible with sound monetary and fiscal policies.
Detailed explanation-3: -Economists also look at two realms. 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.
Detailed explanation-4: -Macroeconomics is also known as the Theory of Income and Employment, or income analysis, as it focuses on how income and employment levels are determined in an economy.
Detailed explanation-5: -Macroeconomics is a branch of economics that deals with the structure, performance and behaviour of the overall economy.