Macroeconomic refers to a branch of economics dealing and studying the entire economy’s structure, behavior, and performance. Through it, people can understand the modern economic system’s functioning and determines the level of income and employment basing on the aggregate demand and supply.
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In general, an Equilibrium refers to a condition in which the acting influencers get canceled by others with equal action, resulting in a balanced and stable system. In economics, it refers to a state or condition where the demand and supply in market balance result in stable prices. Macroeconomic goods market refers to markets where firms and individuals interact to exchange output goods and services. In these markets, to achieve equilibrium, the prices must rise to the level where the number of goods and services demanded equals the quantity supplied. When the markets reach this level, the buyers and sellers get satisfied with the prices of goods and services.
Policymakers refer to the people given the mandate and authority to formulate ideas, principles, and plans that control a specified entity’s actions. Policymakers guide, account, clarify and set the entities’ measures and principles to follow smooth operations and achieve the desired outcome.
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Most of the highly processed foods such as snacks and fast foods are termed unhealthy since they tend to have low nutrients and high calories. According to health practitioners, these food causes and highly contribute to obesity, diabetes, and other health conditions. However, most people prefer these kinds of foods leading to high sales. It presents a dilemma for policymakers since they achieve high sales while posing a threat to people’s health. When government agencies impose high taxes on unhealthy foods, it is expensive to discourage consumption and increase revenues. When the policymakers are imposing taxes, consider the benefits and short backs caused by unhealthy foods to impose appropriately.