Macroeconomics (Fourth Edition)
Macroeconomics (Fourth Edition)
4th Edition
ISBN: 9780393603767
Author: Charles I. Jones
Publisher: W. W. Norton & Company
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Chapter 1, Problem 1RQ
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Describe the interest questions in macroeconomics.

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Explanation of Solution

In general, most of the important questions in economics involve macroeconomic study; the interesting question in macroeconomics is written as follows:

  • What caused the Great Inflation of the 1970s and why has inflation been lower than the past decade?
  • What are the consequences of trade deficit and budget deficits?
  • What determines the wealth of nations?
  • How to understand the recent global financial crises and Great recession?
Economics Concept Introduction

Macroeconomics: Macroeconomics is a branch of economics that analyzes the economy as a whole and studies the aggregates in the economy.

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