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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?
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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