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Article: “Upbeat Bush pushes jobs Initiative” Macroeconomics is the branch of economics that studies the entire economy, especially such topics as aggregate production, unemployment, inflation, and business cycles. It can be thought of as the study of the economic forest, as compared to microeconomics, which is the study of the economic trees. In the business cycle when there is unemployment in the economy it usually suggests that there is a contraction in the economy, which is one part of the four different phases of economics.
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