About this deck
A short field guide to the economy at the level of nations — output, prices, employment, money, and the long, uncertain arts of measuring and managing them. Key sections include: MACROECONOMICS GDP, Inflation, the Cycle; The four numbers that frame the conversation.; GDP, decomposed.; Expansion. Peak. Contraction. Trough. Repeat.; Inflation: too much money chasing too few goods.; Central banks: the (mostly) independent monetary authority.; Two goals. Often pulling in opposite directions.; Money: M1, M2 — and the great expansion since 2008.; Fiscal policy: spending, taxes, deficits.; Three traditions, one long argument..
catalogbusinessmacroeconomics
