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What term is best described as the branch of economics that focuses on broad issues such as growth, unemployment, inflation, and trade balance?

Economics Dec 14, 2020

What term is best described as the branch of economics that focuses on broad issues such as growth, unemployment, inflation, and trade balance?

Expert Solution

Macroeconomics term is best described as the branch of economics that focuses on broad issues such as growth, unemployment, inflation, and trade balance.

In macroeconomics, we generally study aggregate variables related to the overall economy like unemployment, growth, inflation, aggregate demand, etc.

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