Macroeconomics is a branch of economics that focuses on the study of the economy as a whole. The primary objective of macroeconomics is to develop models and theories that explain the determinants of key economic indicators and provide insights into how policymakers can influence them.
Here are some key aspects of the nature and scope of macroeconomics:
1. Aggregates and Averages
2. Economic Growth
3. Business Cycles
4. Employment and Unemployment
5. Price Level and Inflation
6. Monetary and Fiscal Policy
7. International Economics
8. Economic Policy Analysis
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