Studying macroeconomics helps us learn about the value and limitations of global trade, which occurs across nations, typically involving foreign exchange transactions.
A subfield of economics known as macroeconomics studies how an economy as a whole performs, is structured, behaves, and makes decisions. Using interest rates, taxes, and government expenditure, for instance, to control the expansion and stability of an economy. This covers local, national, and international economies. The economic "data addressing the consequences of different macroeconomic strategies is still highly imperfect and open to substantial criticism," according to economists Emi Nakamura and Jón Steinsson in a 2018 study.
The Gross Domestic Product (GDP), unemployment (including unemployment rates), national income, price indices, output, consumption, inflation, saving, investment, energy, international commerce, and international finance are among the subjects that macroeconomists research.
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