benjaminsomo875 benjaminsomo875

29-05-2024
Business

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QUESTION 5: MACROECONOMICS
40 MARKS 40 MIN
-
Discuss in detail the new economic paradigm in smoothing out business
How can an increase in economic activity impact on businesses?

Answer :

GinnyAnswer GinnyAnswer

29-05-2024

Final answer:

Macroeconomics explores how microeconomic decisions impact national economic activity and growth.

Explanation:

Macroeconomics studies the overall economic activity of a nation, influenced by microeconomic decisions made by businesses and households. A key aspect is how markets incentivize investment in human and physical capital, leading to macroeconomic growth. For instance, when a nation experiences an increase in economic activity, businesses may respond by hiring more workers and investing in innovating technologies to boost productivity.

Learn more about Macroeconomics here:

https://brainly.com/question/28489802

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