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Macroeconomics

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Question

Explain with reasons whether you agree or disagree with following statements.
The scope of Macro Economics is wide.

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Solution

The scope and subject matter of macroeconomics is wide. This is because it covers multi-dimensional aspects of the economy such as employment, national income, population, etc. So it is wide in the range of topics. Also, it is widely used in terms of practical application as well like, formulation of policies, etc.

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