Reviewed by Charles PottersFact checked by Michael LoganReviewed by Charles PottersFact checked by Michael Logan Economics is divided into two categories: microeconomics and macroeconomics.

This puts the task of increasing output on the shoulders of the government. According to Keynesian economics, state intervention is necessary to moderate the booms and busts in economic activity, ...

Macroeconomics provides policymakers with a holistic view of the economy, guiding decisions on inflation, GDP, and interest rates. Key factors in macroeconomics include economic growth rate ...