9 Fundamental Fallacies of Macroeconomics Enter content title here...

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9 Fundamental Fallacies of Macroeconomics Enter content title here...

Macroeconomics, the branch of economics deals with economic structure and performance as a combined unit instead of emphasizing on each market separately. Assignments are given to test the student’s knowledge on the given topic. Writing these assignments need a high degree of professionalism, research time, and subject knowledge. Writers providing macroeconomics assignment help compose a document with proper formatting in accordance with university guidelines.

Macroeconomics, the branch of economics deals with economic structure and performance as a combined unit instead of emphasizing on each market separately. Assignments are given to test the student’s knowledge on the given topic. Writing these assignments need a high degree of professionalism, research time, and subject knowledge. Writers providing macroeconomics assignment help compose a document with proper formatting in accordance with university guidelines.

Nine Basic Misconceptions of Macroeconomics

Difference between powers of US macroeconomic fundamentals and indecisive reactions in the financial markets has formed during the last few years. This is leading to the stress that the economy of United State can go a significant slowdown. There are many concepts regarding growth prospects of US economy that have been raised from the following myths:

1. Money is printed by the government

Most of the money is created by the loan creation process of the banks. The government does not really print all of the money.

2. The US is highly at risk of international economic weakness

The United States economy has limited contact to foreign demand. The total exports have an estimated 13.5% of real GDP which is much less than other major economies of European Union, Mexico, etc.

3. Banks lend reserve

Banks never make decisions on the basis of an amount of reserve they have. The concept of banks lending reserves is completely false because reserves never run off the banking system.

4. Stock market shows the health of the US economy

The level and time period of a stock market do not have any connectivity with the US economic situation. It was declined between May and October 2011 only because of many years of economic expansion.

5. We must pay back the national debt because the US is having a shortage of money

The United States with a printing press can theoretically create as much money as required. So, there is no situation when a country runs out of the money.

6. The burden of National Debt will damage the future of our kids

It is not compulsory to pay back the national debt. It is required only when you believe that specific government should be removed completely from the country. Otherwise, the national debt does not get paid back at a macro level. It normally enhances with the expansion of an economy and an increase in the balance sheet.

7. A secret cabal of bankers formed Federal Reserve to destroy the economy of United States

No, this is not true at all. The logical structure of the Federal Reserve makes it helpful for stabilizing the payment system of the country and settling the interbank payments of the bank by providing them a clearinghouse.

8. It is a science

Most of the people consider macroeconomics as a science but, actually it does not similar to a hard science. Yes, it is true that economists communicate in Mathematical terms instead of English but, they are not scientists. Generally, political masks become the main operational points for it.

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