Slide 1MACRO ECONOMICS 1 Slide 2 Macroeconomics is the study of the large economy as a whole. It is the study of the big picture. Instead of analyzing one consumer, we analyze…
1. MACRO ECONOMICS1 2. What is Macroeconomics? Macroeconomics is the study of the large economy as a whole. It is the study of the big picture. • •Instead of analyzing…
Slide 1 Slide 2 Views of Economics Following WWI In the decades following the First World War, counties such a Britain, USA, and Canada all implemented changes to the role…
Slide 1 MACRO ECONOMICS The Big Picture 1 Slide 2 The BIG Questions Should we raise or lower interest rates? Should we decrease or increase taxes? Are there too many unemployed…
Slide 1 Unit 4: Measuring economic performance Slide 2 Macroeconomics is the study of the large economy as a whole. It is the study of the big picture. Instead of analyzing…
Slide 1 1.Define Macroeconomics 2.What are the 3 economic goals that all countries have 3.Identify the 3 key parts of the definition of GDP 4.How do we use GDP 5.Identify…
Goal #2 Limit Unemployment * The Unemployment rate The percent of people in the labor force who want a job but are not working. Who is in the Labor Force? Above 16 years…
Unit 2: Macro Measures * 9_______ 10___________ 11_________ 7 5 6 8 3_____ Review Define GDP? What are the four components? What is not included in GDP? Identify the following:…
Unit 2: Macro Measures * Copyright ACDC Leadership 2015 Identify the parts of the business cycle 1-7 #5 #6 #7 * Time Real GDP #3 The Business Cycle Quiz #4 #1 #2 Real GDP…