Macro Economics: Principles, Applications, and Macro Economic Theory

Macroeconomics is the branch of economics that focuses on the overall performance of the economy, including factors like unemployment, inflation, economic growth, and monetary and fiscal policies. It analyzes how these factors interact to shape the economy as a whole and how government policies can influence them.

The circular flow of income and expenditure is a fundamental concept in macroeconomics that illustrates how money and goods flow through the economy between households and firms.

Find out more about macro economic growth and development by getting this book.

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Lydbog: 24. juli 2024