The macroeconomic model: A summary

In this pathway we explored the macroeconomic model and its competing theories, including the controversy between the classical and Keynesian theories. We also looked at the business cycle and basic perspectives on the stability of the economy. We studied the GDP deflator, a price index measuring inflation or deflation, and fluctuations and trends in real and nominal GDP. Finally, we took a more detailed look at models of the macro economy and two competing theories: demand-side and supply-side.

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