Macroeconomics is an area of economics that focuses on aggregate demand and the supply of goods and services.there are online assignment services available that provide macroeconomics assignment help to the students.for more info visit our site: https://www.myassignmentservices.ca/macroeconomics-assignment-help.html
2. What is macroeconomics?
Macroeconomics is an area of economics that focuses on aggregate demand and the supply of
goods and services.
Studying macroeconomics is complex to understand since it involves the study of the whole
economy as one.
The factors of macroeconomic can be positive, negative or neutral.
3. Components of macroeconomics
Students need to understand these components to make their assignments effectively. After
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Inflation
Economic growth rate
GDP
Unemployment level
4. Inflation
Inflation in any country arises when there is more demand for goods but less supply.
It occurs when the price of manufacturing an item increases.
When there is inflation in the country’s economy, people are ready to pay more. This usually
occurs at a time of war or time of endemic.
There is inflation when there is an excess supply of money in the country’s economy.
5. Economic growth rate
A rate at which good and services production increases or decreases in an economy is the
economic growth rate. It can be both negative and positive.
When there is economic growth, the business operating in the economy will get a profit, and their
stock prices will also rise. Higher economic growth allows businesses to invest more, and gain
additional profit.
The GDP reflects a country’s economic growth. Higher GDP means good economic conditions, and
lower GDP indicates the poor state of the economy.
6. Unemployment level
The unemployment level indicates the underutilization of the labour force in a country willing to
work but not get any job.
More the unemployment level in a country, the poorer it will become. A lower unemployment rate
indicates prosperity in the country.
Measuring the unemployment level in a country is important as it indicates an economy's
incapacity to create jobs.
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