Macroeconomics is USUALLY simplified analysis of how the country’s total production and the level of employment are related to variables like prices, interest rate, wage rates, etc. Do you agree?

No Yes Partially Can’t say

Yes

In macroeconomics we usually simplify the analysis of how the country’s total production and the level of employment are related to attributes (called ‘variables’) like prices, rate of interest, wage rates, profits and so on, by focusing on a single imaginary commodity and what happens to it.