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What is macroeconomics?

Macroeconomics is a branch of its parent science known as “economics”. It includes performance, decision-making, behavior, & structure of the economy. It has no relation to a particular market or individual firm. It is used in national, global and regional economics. The branch helps in the analysis of factors including growth rate, unemployment ratio, price rise, national income, and GDP. There are three models adopted in Macroeconomics that are Aggregate demand-aggregate supply, IS-LM, and Growth model. The two policies of Macroeconomics are Monetary and Fiscal policy.

Similar to economics its branch Macroeconomics also needs a wide knowledge to write assignments. Macroeconomics deals with various sensible factors like GDP, Unemployment rate etc thus one need to do an excellent research on the subject to write assignments. Global, national and regional factors differ. So, it makes the assignments more complex.

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