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A Primer On Macroeconomics For South Dakotans, Philip Favero
A Primer On Macroeconomics For South Dakotans, Philip Favero
Economics Staff Paper Series
What is macroeconomics, you ask; and what does it mean to me? Macroeconomics is the study of aggregate economic conditions, such as a nation's employment, unemployment, and general price levels. Throughout history nations have experienced boom-to-bust cycles--times of employment and prosperity, followed by times of unemployment and hardship. Macroeconomics provides policy makers with ideas to promote economic stability - ways to combat the twin economic evils of unemployment and inflation.