Overview

The field within economics that deals with the performance, structure, decision-making, and behavior of the economy as a whole is known as macroeconomics. It analyzes individual metrics like GDP, national income, price indices, and unemployment rates, along with their interconnections with various sectors of the economy, in order to gain understanding of how the economy operates. Macroeconomics involves constructing models that depict the connections among economic elements such as consumption, savings, investment, inflation, and more. It seeks to comprehend the impacts of short-term fluctuations on national income and endeavors to identify the drivers of long-term economic growth. Core concepts in macroeconomics include output and income, unemployment, inflation, and deflation. The topics included in this book on macroeconomics are of utmost significance and bound to provide incredible insights to readers. It is compiled in such a manner, that it will provide in-depth knowledge about the theory and practice of macroeconomics. This book will serve as a valuable source of reference for those interested in this field.

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9781647288549

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