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Macroeconomics

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    Macroeconomics is the branch of economics that studies the overall performance, structure, and behavior of entire economies rather than individual markets. It focuses on broad aggregates such as national income, output (GDP), unemployment, inflation, interest rates, and economic growth, seeking to understand the forces that shape the health and stability of an economy. Macroeconomists analyze how policies—such as government spending, taxation, and central bank actions—affect economic outcomes, and they explore patterns like business cycles, recessions, and long-term growth trends. By examining the economy at a large scale, macroeconomics provides insights into how societies allocate resources, maintain stability, and improve living standards over time.

    Macroeconomics is shared under a not declared license and was authored, remixed, and/or curated by LibreTexts.

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