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Explain macroeconomics objectives from the conventional perspective?
economyic example
explain with help of an example, how FAT is different from inode.
tightening the family budget
cutting state income taxes
cutting state income taxes
The goals of macroeconomics include developing theories which explain the large picture of economics. Nations, and interactions between large groups of people are the subject of macroeconomic study.
How to avoid the occurrence of economic depressions and slumps.
Macroeconomics deals with studying the behavior, decision making, performance and structure of an economy as a whole instead of its component parts. Macroeconomics usually studies the aggregate supply/aggregate demand model, using it to explain the performance of the GDP of a nation based on the various components.
The comparison of macroeconomics and macroeconomics is that, it looks at the economy as a whole by considering the aggregates such as; GDP, depression, international trade and un employment problem among others. Macroeconomics differs from Microeconomics in that it looks at the economy as a whole while micro considers a single unit of the economy. for example, household income, business firm and other sectors like agriculture.
The role of macroeconomics in business because business is affected by the factors that form macroeconomics. For example, it is in the same way that the economy effects individual businesses.
Define normalization explain the conditions under which a relation need to be normalized to 2nf and 3nf with the help of an example ?