Why is macroeconomics important?

Economics Dec 14, 2020

Expert Solution

Macroeconomics is important because it talks about the financial health of a country, which influences decisions a country makes and the way these decisions effect individuals. For example, one factor of macroeconomics is inflation rate. If the inflation rate gets too high, a government may make a decision to fix it that can impact individuals. Macroeconomic factors are also important in understanding the reasoning behind the decisions politicians make.

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