Macroeconomics Definition

Macroeconomics is the field of economics that studies the behavior from the aggregate economy. Macroeconomics examines economy-wide phenomena for example changes in joblessness, national income, rate of growth, major domestic product, inflation and price levels. Macroeconomics is aimed at the movement and trends throughout the economy as a complete, while in microeconomics the focus is defined on factors that affect the decisions produced by firms and folks.