Chapter 22 Introduction to Macroeconomics

Chapter 22 Introduction to Macroeconomics

Author: Matthew Lonn

Students will examine the basic definition of Macroeconomics and the components that are involved in the study of entire world markets.

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Questions you should be able to answer after the lesson.

What is the difference between macro and microeconomics?

What is the business cycle?

What are the names of some of the early economists that created the field of macroeconomics and what were their contributions?

What is the difference between inflation and deflation?

Chapter 22 Notes

Business Cycle Explained