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What causes an increase/decrease in GDP rates? Why inflation arises? What causes unemployment in a nation? What are the factors that define the economic growth of a region/nation/world? Are some of the questions that are answered by the study of macroeconomics. It is the subject which deals with the broader aspect of economics. Obviously, knowing the key details about every single concept is a tiresome task on its own. Furthermore, the problem worsens when the professor assigns assignment writing task to the students. Unable to draft a well-researched assignment, student seeks macroeconomics assignment help.
In general, for writing an assignment, a student should have in-depth knowledge of the technical terms along with an extensive understanding of different models, such as aggregate demand-aggregate supply, IS-LM, neoclassical growth model, etc. Moreover, a student should also have good command on the two major areas of research, first, the causes and outcome of fluctuations in a nation's income which is determined by the business cycle, and second, the determining factor behind the long-term economic growth. Covering all these concepts at once becomes a ‘next-to-impossible' task and students start searching for the best macroeconomics assignment writers to get their task done.
If you are also in search of highly-experienced academic writers, then Assignment Desk is just the right place. We are the home to the writers having high-qualifications in Economics subject. What makes us more reliable is our team of researchers, proofreaders, editors, and quality analysts, that makes sure that your assignment on macroeconomics subject is flawless. Before we move on to our macroeconomics assignment writing services, let us have an overview of the subject for a better understanding.
Macroeconomics is an amalgamation of two words- ‘macro' meaning large, and ‘economics' referring to the subject of social science dealing with the productions, consumption, and distribution of products. Thus, it is an academic discipline which deals with the broad factors that define the overall economy. According to our macroeconomics assignment writers, a student pursuing the macroeconomics analyzes several aggregated indicators, such as price indices, GDP (Gross Domestic Product), national income, etc., for understanding the overall function of the economy.
By now, you must have got an insight into the subject. Now, let us have a glance at some of the major concept of the academic discipline.
1.Output and Income: These two terms are used interchangeably. As per the macroeconomics assignment help experts of Assignment Desk, the output is everything which is produced in the country within a given period of time. Income, on the other hand, is the revenue generated by selling the output generated. Thus, the output gets converted into income. GDP is a measuring unit of output which is used to determine the market value of the goods produced. The short-term fall in the output of a nation is due to business cycles and the suitable term for this is the recession.
2.Unemployment: The unemployment rate refers to the percentage of people without a job. In this calculation, retired employees, discarded aspirants, and the ones pursuing education are excluded. Our macroeconomics assignment writing service providers explain that the concept of unemployment can be further broken down into different types. For instance, frictional unemployment is the case when an individual is transitioning from one job to another. It is also called as search unemployment. Structural employment occurs when the skills required during a job opening mismatches with the ones obtained by the candidates.
3.Inflation and Deflation: When the prices of the goods and services increases, it is termed as inflation. During this time period, the purchasing power of the customers' decreases as a single unit of currency can buy fewer products due to an increase in the price. As per our highly-qualified macroeconomics assignment help professionals, deflation is opposite of inflation and therefore, during this time period, the prices are decreased. Price indexes are used to measure the changes in the prices.
After knowing some of the concepts of macroeconomics, here comes the time to have a brief about different models of the subject.
1.Aggregate Demand-Aggregate Supply: Abbreviated as AD-AS model, it is based on the theory given by John Maynard Keynes. It is the model that establishes a relation between aggregate demand and aggregate supply through output and price level. According to our macroeconomics assignment writing specialists, the downward movement of the curve indicates that more output is required at subsequent low price levels.
2.IS-LM Model: Also known as the Hicks-Hansen model, it generates a relationship between the interest rate and assets. This model explains two important issues, first, the change in the national income when the price levels are fixed for a short-term and second, the trend followed by AD (Aggregate Demand) curve in the future.
So, these were two important models explained by our macroeconomic assignment help experts. Reading so far, you must have realized that our academic writers have vast knowledge about the subject and thus, can draft a well-researched assignment on macroeconomics for you. Keep scrolling to know more about our team of experts.
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