What are the main issues in macroeconomics?
Major Macroeconomic Issues
- Economic Growth.
- Business Cycles.
- Inflation.
- Unemployment.
- Government Budget Deficits.
- Interest Rates.
- Balance of Payments.
What is macroeconomics and its issues?
Macroeconomics studies economy-wide phenomena such as inflation, price levels, rate of economic growth, national income, gross domestic product (GDP), and changes in unemployment. Some of the key questions addressed by macroeconomics include: What causes unemployment?
What are the 5 macroeconomic goals?
High and sustainable economic growth. Price stability. Full employment. Balance of payments equilibrium.
What is the main cause of all economic problems?
(i) Scarcity of Resources: Resources (i.e. land, labour, capital, etc.) are limited in relation to their demand and economy cannot produce all what people want. It is the basic reason for existence of economic problems in all economies. Scarcity is universal and applies to all individuals, organisations and countries.
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