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

Question

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Macroeconomics is the study of the entire economy, including things like inflation, unemployment, and economic growth. This is different from microeconomics, which looks at individual actors in the economy, such as households and firms, and how they interact. Fiscal and monetary policies are tools used by governments and central banks to influence the macroeconomy. Intuition may play a role in economics, but it is not a formal approach to studying the economy.

When Economists Study the National Economy or Global Economy,they Are