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प्रश्न
Explain the subject matter of macroeconomics.
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उत्तर
The following are some of the important macroeconomic theories which define the subject matter of macroeconomics
- Theory of national income- Macroeconomics helps in the national income analysis. It provides various methods to calculate the national income.
- Theory of employment- Macroeconomics also helps in determining the level of employment and unemployment in an economy.
- Theory of Money- Macroeconomics studies the functions and theories of money. It is useful in analysing the effect of a change in demand and supply of money on the employment levels.
- Theory of general price level- Macroeconomics studies how the general level prices in an economy are determined and the effects of fluctuations on them.
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