When economists study the national economy or global economy, they are using a ____ approach.

Question

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Macroeconomics is the branch of economics that deals with the overall performance of the economy, including issues such as economic growth, inflation, and unemployment at the national or global level. The study of microeconomics, on the other hand, focuses on individual consumers, firms, and markets. Fiscal and monetary policies are tools used by governments to influence the overall performance of the economy, but they are not approaches to studying the economy. Intuition may be used in economics, but it is not a formal approach to studying the economy.

When Economists Study the National Economy or Global Economy, They