Macroeconomics is the branch of economics that studies the overall performance and behavior of an economy. It focuses on large-scale economic factors such as national income, unemployment rates, and inflation. By analyzing these elements, macroeconomics helps us understand how economies grow, how they can be stabilized, and how government policies can influence economic health. One of the key goals of macroeconomics is to improve the standard of living for people within a country. This involves examining how monetary policy, set by institutions like the Federal Reserve, and fiscal policy, determined by government spending and taxation, can impact economic growth and stability.