macroeconomics wikipedia - EAS
- See moreSee all on Wikipediahttps://en.wikipedia.org › wiki › Macroeconomics
Macroeconomics (from the Greek prefix makro- meaning "large" + economics) is a branch of economics dealing with performance, structure, behavior, and decision-making of an economy as a whole. For example, using interest rates, taxes, and government spending to regulate an economy’s
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See moreOrigins
Macroeconomics descended from the once divided fields of business cycle theory and monetary theory. The quantity theory of money was particularly influential prior to World War II. It...
See moreMacroeconomic policy is usually implemented through two sets of tools: fiscal and monetary policy. Both forms of policy are used to stabilize the economy, which can mean boosting the economy to the level of GDP consistent with full employment.
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See more1. ^ Samuelson, Robert (2020), "Goodbye, readers, and good luck — you'll need it", The Washington Post This article was an opinion piece expressing despondency in the field shortly before his
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See moreAggregate demand–aggregate supply
The AD-AS model has become the standard textbook model for explaining the macroeconomy. This model shows the price level and level of real...
See moreMacroeconomics encompasses a variety of concepts and variables, but there are three central topics for macroeconomic research. Macroeconomic theories usually relate the phenomena of output, unemployment, and inflation. Outside of macroeconomic theory,
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See moreWikipedia text under CC-BY-SA license - https://simple.wikipedia.org › wiki › Macroeconomics
Macroeconomics studies large-scale economic decisions.For example, a whole country's economy (or, its economic output) is summarised by the GDP (gross domestic product). Many governments use macroeconomic ideas to decide how much tax to collect and what interest rates should be.. It also considers the amount of unemployment, the rate that prices go up (), and the …
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- https://en.wikipedia.org › wiki › History_of_macroeconomic_thought
Macroeconomics descends from two areas of research: business cycle theory and monetary theory. Monetary theory dates back to the 16th century and the work of Martín de Azpilcueta, while business cycle analysis dates from the mid 19th.
Beginning with William Stanley Jevons and Clément Juglar in the 1860s, econo…Wikipedia · Text under CC-BY-SA license- Estimated Reading Time: 11 mins
- https://en.wikipedia.org › wiki › Macroeconomic_modelSee more on en.wikipedia.orgSimple textbook descriptions of the macroeconomy involving a small number of equations or diagrams are often called ‘models’. Examples include the IS-LM model and Mundell–Fleming model of Keynesian macroeconomics, and the Solow model of neoclassical growth theory. These models share several features. They …
- Estimated Reading Time: 10 mins
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