Question

What Are the Advantages of Macroeconomics?

Answer 1

Macroeconomics offers the following advantages:

1. It helps in understanding the economic fluctuations
2. It helps in formulation of economic policies
3. It helps in studying inflation and deflation
4. It helps in study of national income and GDP
5. It helps in the functioning of an economy

Also see:

• What is microeconomics?
• Difference between Microeconomics and Macroeconomics