There are numerous different economic concepts and many of them may be associated with assessing macroeconomic performance.

• Give an example of a concept learned in Principles of Macroeconomics that you think may be associated with strong macroeconomic performance.
• Explain why this is the case. Use real-world examples and explanations.
• Give an example of a concept learned in Principles of Macroeconomics that you think may be associated with weak macroeconomic performance .
• Explain why this is case. Use real-world examples and explanations.

Example for you to understand . I need one more such example

An example of macroeconomics in real life can be taken from recent COVID-19 conditions. Because of the COVID-19 conditions restrictions were imposed on travel, trade, goods transactions, and services movement Because of which there was a huge disruption in the supply chain. Or we can say that supply chain or aggregate supply decreased. When the aggregate supply decreased and the demand remained almost same, there was shortage of even essential goods like medical tools, masks, PPE kits, oxygen cylinders etc because of which the prices of these items increased. Because of the increase in prices and defects in the supply chain the quantity of production declined in almost all The countries. Because of decline in quantity of production there was increase in unemployment. And because of the above stated factors the national income or GDP of almost all the countries declined during the COVID-19 crisis. This is a clear example of how an adverse aggregate supply shock led to a decline in GDP of the economy.

taking another example, to correct this America Introduced $19 trillion stimulus plan. This was basically a plan to increase the money supply in the economy. When the money supply would increase, the cash in the hands of people would increase, and the aggregate demand would increase. Because of increase in aggregate demand, the productions will be increased in long run, investments will be increased, which will bring about increase in incomes of the people and of the country. Hence it is an example of how an expansionary monetary policy works in real.