October 2023
Beginner
432 pages
12h 13m
English
Content preview from Economics For Dummies, 4th Edition
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Part 4
Macroeconomics: The Science of Economic Growth and Stability
IN THIS PART …
- Discover gross domestic product — the total value of goods and services produced in a country.
- Probe inflation, price indexes, and interest rates to see how inflation is caused by printing too much money.
- Explore the business cycle and why recessions happen.
- Find out what government should or shouldn’t do to fight recessions using tools like stimulus spending and fiscal and monetary policy.
- Understand that borrowing and debt drive price bubbles and financial crises and why fiscal and monetary policy don’t work very well after a financial crisis.
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