What are the different branches of macroeconomics?

Economics Dec 14, 2020

Expert Solution

The notable branches of Macroeconomics are:

1. National Output and Income. It studies the different methods, measurements, concepts and accounting of the national income and output.

2. International Economics. This is the study of international trade, international finance and balance of payment issues.

3. Aggregate Demand and Aggregate Supply. This studies the total amount of goods and services that the economy is able to supply and purchase at the prevailing price levels.

4. General Price Levels . This is the measure of the set prices of goods and services within a given period of time.

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