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Give some inferences which can be made from the macroeconomic principles

Economics Dec 08, 2020

Give some inferences which can be made from the macroeconomic principles.

Expert Solution

Macroeconomic principles depend on the estimation of commercial activity within a specific period. It includes the law of demand-supply, additional expenses, and maximization of utility. Some of the inferences that can be made from these principles are:

  • If a country has a very low unemployment ratio, then its inflation rate also will be lower.
  • The level of education of a country will be likely to increase if its income level increases.
  • If a country prints a lot of money will be inclined to see a high inflation rate.
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