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Macroeconomic variables are indicators or main signposts signalling the current trends in the economy”, keeping in...

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Economics

Macroeconomic variables are indicators or main signpostssignalling the current trends in the economy”, keeping in view thisstatement what is your understanding of the below key variables ofMacro-Economy.                                                                                                      

  • Unemployment rates
  • Inflation
  • Budget deficit

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Macroeconomic variables are indicators or main signposts signaling the current trends in the economy Like all experts the government in order to do a good job of macromanaging the economy must study analyze and understand the major variables that determine the current behavior of the macroeconomy So government must understand the forces of economic growth why and when recession or inflation occur and anticipate these trends as well as what mixture of policy will be most suitable for curing whatever ills the economy Unemployment rate The unemployment rate tells macroeconomists how many people from the available pool of labor the labor force are unable to find work Macroeconomists agree when the economy witnesses growth from period to period which is indicated in the GDP growth rate unemployment levels tend to be low This is because with rising    See Answer
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