Macroeconomics is the study of the economy as a whole. It deals with phenomena such as long-run economic growth, business cycles, unemployment, inflation, and deficits on the balance of payments. Analyses on how governments and central banks can influence the macroeconomy through fiscal and monetary policy are particularly important in macroeconomics.
- National accounts and economic indicators
- Economic growth and the wealth of nations
- The labor market and structural unemployment
- Money, prices and exchange rates in the long run
- Consumption and investment
- Aggregate demand, business cycles and the short-run effects of monetary and fiscal policy
- Asset bubbles and financial instability
- Nominal and real exchange rates
- Long-run effects of fiscal policy.
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