Basic Macroeconomic Concepts
Macroeconomics encompasses a variety of concepts and variables, but there are three central topics for macroeconomic research. Macroeconomic theories usually relate the phenomena of output, unemployment, and inflation. Outside of macroeconomic theory, these topics are also extremely important to all economic agents including workers, consumers, and producers.
Read more about this topic: Macroeconomic Policy
Famous quotes containing the words basic and/or concepts:
“Man has lost the basic skill of the ape, the ability to scratch its back. Which gave it extraordinary independence, and the liberty to associate for reasons other than the need for mutual back-scratching.”
—Jean Baudrillard (b. 1929)
“When you have broken the reality into concepts you never can reconstruct it in its wholeness.”
—William James (1842–1910)