Unveiling the Secrets of Macroeconomics: Impacting Global Economic Stability
This article provides an introduction to macroeconomic analysis, covering measures of output, prices, and employment in the short and long run. It discusses models of spending equilibrium, the IS-LM framework, and monetary and fiscal policy in both closed and open economies. The schedules of aggregate demand and supply are examined, along with their impact on inflation and economic growth. The article also delves into the supply and demand for money, consumption, and theories of investment.