The macro economy refers to the overall economy in a country and the rules for the macro economy are seen to be different to that applying within the context of a single market. In general, governments set out their goals at the time of elections. These may include having low inflation, having high or perhaps full employment, having a balance of payments equilibrium, and having low inflation. The study of economics is about the study of these different policy objectives and students of the subject rapidly become aware of the conflicts between the achievement of 1 and that of another.
This class will introduce the goals and instruments of macroeconomic policy as applied in many countries. It should be remembered that this changes over time and that different countries in different periods change what is often considered to have been important. This is an important video in your study of macroeconomics.
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