Define macroeconomics, Define macroeconomics ?

Define macroeconomics

Define macroeconomics?

Comments & Conversion

Expert

Verified

The study of the overall features and workings of a national economy is such as income, output and the interrelationship among varied economic sectors. It is the study of all features of the economy also it is different from microeconomics , which studies how individual entities fit in the economy.

Related Questions in Microeconomics

Q : Price elasticity coefficient at

Every point beside a vertical demand curve (when there was such a thing) would include a price elasticity coefficient equivalent to: (1) 1. (2) 1. (3) zero. (4) infinity. (5) 1/2. Hey friends please giv

Q : Define factor market Factor market : It

Factor market: It comprises of factors of production namely land, labor, capital and associations.

Q : Resource of supply curve The resource

The resource probably to conform to the supply curve demonstrated in this figure would be: (1) housing. (2) capital. (3) labor. (4) land. (5) entrepreneurship.

Q : Production in a competitive market

Production within a competitive market system tends to be: (1) a process that exploits labor to the maximum. (2) geared to respond to the whims of central planners. (3) relatively efficient and low cost. (4) highly automated because labor costs more t

Q : Describe economic perspective The

The economic perspective refer as: 1) macroeconomic phenomena, but not microeconomic phenomena. 2) microeconomic phenomena, but not macroeconomic phenomena. 3) the making of purposeful decisions in a context of marginal costs and marginal benefits. 4) unlimited resour

Q : Corporate Taxes-Disadvantages of a

One of the major disadvantages of the corporation is: (i) Double taxation of its gains. (ii) Its incapability to outlive the death of an owner. (iii) Its unlimited liability. (iv) Its inability to increase the financial resources.

Q : Maximum legal prices on resources or

Please help me to solve the problem of economic that is given below. Maximum legal prices upon resources or goods are: (w) floors. (x) wedges. (y) disinflation. (z) ceilings.

Q : Illustrate the meaning of deflationary

Meaning of deflationary Gap: This is the gap among excess of aggregate supply over the aggregate demand at complete employment level.

Q : How changes in weather affect

I have a problem in economics on how changes in weather affect agricultural output. Please help me in the following question. Economists consider how changes in the weather influence the agricultural output as: (i) Signs of ecological imbalances. (ii) Technological mo

Q : Examples of pairs of substitutes goods

Illustrations of pairs of goods which are close substitutes comprise: (i) Bow ties and tuxedoes. (ii) Glasses and contact lenses. (iii) Power boats and water skis. (iv) Baby food and diapers. (v) Camping trailers and large SUVs.

Discover Q & A

Leading Solution Library

Avail More Than 1455618 Solved problems, classrooms assignments, textbook's solutions, for quick Downloads

No hassle, Instant Access

Start Discovering

18,76,764

1927692
Asked

3,689

Active Tutors

1455618

Questions
Answered

Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!

Submit Assignment