What are the features of macro economics?
The features of Macroeconomics
are:
1.Macroeconomics
is the branch of economics that studies the aggregate units of the economy such
as national income, employment, inflation, etc.
2.Macroeconomics
uses lumping method for the purpose of economic study. Under lumping method we
study the general price level, and not prices of individual products.
3.The
policies of Macroeconomics help in maintaining stability in the general price
level and resolve the major problems of the economy like inflation, deflation,
deflation, unemployment and poverty as a whole.
4.Macroeconomics
is concerned with the behaviour of aggregates and their interdependence. It is
a general equilibrium analysis in which everything depends on everything else.
5.The
income theory is a major aspect of macroeconomics theory. A major task of
macroeconomics is the determination of national income. Macroeconomics studies
the factors determining national income and the causes of the trends in
national income.
The features of Macroeconomics are:
1.Macroeconomics is the branch of economics that studies the aggregate units of the economy such as national income, employment, inflation, etc.
2.Macroeconomics uses lumping method for the purpose of economic study. Under lumping method we study the general price level, and not prices of individual products.
3.The policies of Macroeconomics help in maintaining stability in the general price level and resolve the major problems of the economy like inflation, deflation, deflation, unemployment and poverty as a whole.
4.Macroeconomics is concerned with the behaviour of aggregates and their interdependence. It is a general equilibrium analysis in which everything depends on everything else.
5.The income theory is a major aspect of macroeconomics theory. A major task of macroeconomics is the determination of national income. Macroeconomics studies the factors determining national income and the causes of the trends in national income.
