Macroeconomics Rules: 12 Main Rules of Macroeconomics
Some of the essential rules of macroeconomics are as follows: Rule # 1. Thinking like an Economist: The social science of economics has its own set of tools — terminology, data and way of thinking. Economists often make use of models to understand and explain macroeconomic phenomena. Rule # 2. Economic Models: In macroeconomics we study and examine various facets of [...]