ECON 383 Basics of Macroeconomics
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Macroeconomics as per the course ECON 383 Basics of Macroeconomics is a part of economic study which analyzes the economy as a whole. It is the center of the whole economy and does not study any individual unit or a firm. It also studies the following:
- The national income
- Total employment
- Aggregate demand and
- Supply etc.
Following are the four major objectives of Macroeconomics under course ECON 383 Basics of Macroeconomics:
- Full employment.
- Price stability.
- A high, but sustainable, rate of economic growth.
- Keeping the balance of payments in equilibrium.
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