What is Macro Economy or Finance?

The prefix "macro" is derived from the Greek word "Makros", meaning large. The term macro-economic applies to the study of relations between broad economic aggregates. Macroeconomy theory is a theory of income, employment, price and money. Macroeconomy studies the overall averages and aggregates of the system. While all the above statements differ somewhat in emphasis, all such explanations bring out the idea that macroeconomy deals with the functioning of the economy as a whole. It also deals with how the economy's total output of goods and services and its total employment of resources are determined, and with the causes of these totals to fluctuate. Macroeconomy attempts to answer the truly big question of economics, life full employment or unsatisfactory rate of growth, inflation or price level stability.

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