Unlocking the Power of ChatGPT and AI in Testing - A Real-World Look, present...
Introduction
1. Macroeconomics
Micro Economics Vs Macro Economics
Macro Economics Meaning
Study analysis of the behaviour of the economic
system /nation in totality
2. Emergence of Macro Economics
• Great depression in 1930 in capitalist
countries
• Says law of market : full employment
assumption – supply creates its own demand
• Keynesian Revolution
3. Issues
• Employment and Unemployment
• Determination of National Income (GDP)
• General Price level and inflation
• Business cycle
• Economic growth
• Balance of payment
• Exchange rate