... employ.consumption is about the goods and services as well its mean how much the population as a whole spend and how much it saves. In the way of production there involve with many problem one of them is scarcity, what scarcity is: at any one time the world can only produce a limited amount of goods and services. This is because the world only has a limited amount of resources. What macroeconomics is? Macroeconomics is the studies of the determination of national out put and its growth over time.it also studies the problems of recession,unemployment,inflation,the balance of international payment and cyclical instability, and the policies adopted by governments to deal with these problems. How are the inflation,unemployment,recession involves in macroeconomics? Inflation:refers to general rise in the level of prices throughout the economy. If aggregate demand substantially,firms are likely to respond by raising their prices.after all, if demand is high they can probably Still sell as ...

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