Slide 1Macroeconomic Measures The focus of this lecture is the macroeconomic measures. Students should understand the significance of Gross Domestic Product, Price levels,…

1. What is an Economy? A Primer on Macroeconomics Prof. Miles Cahill College of the Holy Cross 2. Key Terms and Concepts Opportunity cost Real vs. nominal GDP Inflation Unemployment…

Slide 1 © 2007 Thomson South-Western Slide 2 1 Measuring the Cost of Living  Inflation refers to a situation in which the economy’s price level is rising.  The inflation…

Slide 1 Measuring the Cost of Living Premium PowerPoint Slides by Ron Cronovich © 2012 Cengage Learning. All Rights Reserved. May not be copied, scanned, or duplicated,…

Slide 1 Measuring the Cost of Living CHAPTER 24 Slide 2 In this chapter, look for the answers to these questions: What is the Consumer Price Index (CPI)? How is it calculated?…

Slide 1 © 2008 Thomson South-Western, all rights reserved N. G R E G O R Y M A N K I W Premium PowerPoint ® Slides by Ron Cronovich 2007 update 11 P R I N C I P L E S O…

Macroeconomic Measures The focus of this lecture is the macroeconomic measures. Students should understand the significance of Gross Domestic Product, Price levels, and unemployment…

Macroeconomic Measures The focus of this lecture is the macroeconomic measures. Students should understand the significance of Gross Domestic Product, Price levels, and unemployment…