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Explain what is macroeconomics

Economics

Explain what is macroeconomics.

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Macroeconomics is a study of economics as a whole economy. It is from the perspective of the government, national and global. In macroeconomics, we learn about the aggregate supply and demand and how it affects the price level (either inflation or deflation). It looks at the unemployment side of the nation. Also, it determines how the gross domestic product affects the growth of a country and the standard of living. Also, macroeconomics deals with money supply and the importance of regulation in banks. It tells us how government intervention affects economic activity domestically and internationally.