Macroeconomics: Definition, History and Evolution, and Difference between Macroeconomics and Microeconomics
Introduction to Macroeconomics: Macroeconomics is a vital branch of economics that delves into the comprehensive study of how entire economies function, encompassing various aspects such as markets, businesses, consumers, and government interventions. It seeks to elucidate economy-wide phenomena, including inflation, price levels, economic growth rates, national income, gross domestic product (GDP), and fluctuations in unemployment….