Lecture Macroeconomics (19/e) - Chapter 6: An introduction to macroeconomics

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Lecture Macroeconomics (19/e) - Chapter 6: An introduction to macroeconomics

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After reading this chapter, you should be able to: Interpret how macroeconomics studies both long-run economic growth and short-run fluctuations in output and unemployment; explain why economists focus on GDP, inflation, and unemployment when assessing the health of an entire economy; discuss why sustained increases in living standards are a historically recent phenomenon; identify why saving and investment are key factors in promoting rising living standards.

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