SCOPE AND IMPORTANCE OF MACROECONOMICS
SCOPE AND IMPORTANCE OF MACROECONOMICS
IN GENERAL UNEMPLOYMENT'S:
The Keynesian theory of employment is an exercise in macroeconomics ,the general level of employment in an economy depends upon effective demand which in turn depends on aggregate demand and aggregate supply functions .unemployment's is thus caused by deficiency of effective demand ,in order to eliminate it,effective demand should be raised by increasing total investment, mics has special significance in studying the causes ,effects and remedies of general unemployment's.
IN GENERAL UNEMPLOYMENT'S:
The Keynesian theory of employment is an exercise in macroeconomics ,the general level of employment in an economy depends upon effective demand which in turn depends on aggregate demand and aggregate supply functions .unemployment's is thus caused by deficiency of effective demand ,in order to eliminate it,effective demand should be raised by increasing total investment, mics has special significance in studying the causes ,effects and remedies of general unemployment's.
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