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The fundamentals of macroeconomics before being able to grasp what economics has to offer it is important to understand the terms and concepts that are. Microeconomics and macroeconomics example essay microeconomics and macroeconomics are two very distinct terms in economics in microeconomics, we get to understand. The five fundamental principles of macroeconomics: 1 the overall level and growth of income and output in a nation are determined by the interaction of households.
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