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Define the term Macroeconomics.

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This is the branch of economics that attempts to analyze and explain the interrelationships between aggregate (totals) variables such as output, employment, interest rates, money and prices in the economy. These are the key variables that determine economic activities and level of national income in an economy. Macroeconomics therefore analyses the performance of the economy as a whole.

Kavungya answered the question on August 10, 2021 at 05:26

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