Financial Planning, Budgeting, and Forecasting: Financial Intelligence Collection (7 Books)

CONCLUSION

Putting the Pieces Together

We have clearly covered a lot of ground over the previous chapters. To help keep things in perspective, it is worth returning to the three core concepts of macroeconomics presented in part I: output, money, and expectations. All three—as well as some of the key relationships between them—are represented graphically in figure C-1.

FIGURE C-1

The macro “M”

Output

Output, which comprises the goods and services produced in an economy, lies at the heart of macroeconomics. The amount of output a country produces ...