When doing the nominal GAP, the GAP will look higher than it actually is due to not taking inflation into factor. Define and Explain Unemployment Rate...
Explain the concept of potential output and why actual output can differ from potential output? (2 marks) Potential output is the amount of output that an...
Fundamentals of Macroeconomics Lisa Rasch ECO/372 June 18th, 2012 Sigmund Karczewski Fundamental of Macroeconomics Part 1 * Gross Domestic Product (GDP)- GDP is the value of...
Explain the concept of potential output and why actual output can differ from potential output? (2 marks) Potential output is the amount of output that an...
Approach to Learning and Teaching in the Course The philosophy underpinning this course and its Teaching and Learning Strategies are based on “Guidelines on Learning that...
Many are saying that the U.S. economy is presently on the initial stage of experiencing economic recession due to the instability that is happening on major...
What is Macroeconomics? Macroeconomics vs.. Microeconomics Why Study Macroeconomics? Influential macroeconomic events Macro Economic Policy Key Macroeconomic Variables Rules of the Class Either you speak or...
According to an article entitled “Macroeconomic Policy: Objectives and Instruments” states that goal of Macroeconomics is finding efficiency and equity that looks at the different levels...
