Unit III Chapters 5_6 Discuss macroeconomics and the national economy Answer
Unit III Chapters 5/6
1. Discuss macroeconomics and the national economy
2. Discuss economic fluctuations and growth
3. Explain aggregate demand and aggregate supply
4. Describe productivity and growth in practice
5. Discuss other issues of technology and growth.
Unit IV Chapters 7/8
1. Explain the gross domestic product
2. Discuss the circular flow of income and expenditure
3. Assess the limitations of national income accounting.
4. Explain how to account for price changes.
5. Discuss the effects of unemployment on the economy.
6. Discuss the effects of inflation on the economy.
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