Instruction:
What is MACRO-economics?

Response:
Macroeconomics can be thought of as the “big picture” of economics. It focuses on aggregate
production and consumption in an economy. Topics that macroeconomists might study include:
Effects of general taxes such as income and sales taxes on output and prices
Causes of economic upswings and downturns
Effects of monetary and fiscal policy on economic health
Effects of and process for determining interest rates
Causes for some economies growing faster than others