Roe example sentences

The technology to create hydroelectricity has turned energy in fast flowing water into an important resource.This chapter begins by giving you a simplified account of how macroeconomics differs from the microeconomics that you have known.For these purposes macroeconomists had to study the effects in the markets of taxation and other budgetary policies, and policies for bringing about changes in money supply, the rate of interest, wages, employment, and output.Often several of our cricket heroes and our favourite film stars also try and sell products to us through advertisements.The heroes and heroines in most of the novels were people who lived in the modern world.Much of this energy comes from hydroelectric power.Macroeconomics shows two simple characteristics that are evident in dealing with the situations we have just listed.Macroeconomics, as a separate branch of economics, emerged after the British economist John Maynard Keynes published his celebrated book The General Theory of Employment, Interest and Money in 193 The dominant thinking in economics before Keynes was that all the labourers who are ready to work will find employment and all the factories will be working at their full capacity.From this discussion here, and your earlier reading of microeconomics, you may have already begun to understand in what way macroeconomics differs from microeconomics.River water can be used for generating hydroelectric power but presently, it is being utilised only to a limited extent.For microeconomics the macro (meaning large ) phenomena affecting the economy as a whole, like inflation or unemployment, were either not mentioned or were taken as given.The macroeconomic variable which takes into account such additions and subtractions is known as Gross National Product (GNP).Thus the macroeconomic agents are basically different from the individual decision-makers.Macroeconomics has, therefore, deep roots in microeconomics because it has to study the aggregate effects of the forces of demand and supply in the markets.These questions are dealt with in macroeconomics at different levels of complexity.