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About Macroeconomics Notes
1. The document discusses macroeconomic concepts like unemployment rates, aggregate demand, money supply, and how national income is determined in the short run. 2. It explains the consumption function, investment function, and how GDP is equal to consumption plus investment plus government spending plus net exports. 3. The money supply is determined by currency in circulation, required reserves that banks hold, and excess reserves. The central bank can control money supply through open market operations and interest rates.
Detailed Information
Author: | ['Harkirat Singh'] |
---|---|
Publication Year: | 2020 |
Pages: | 23 |
Language: | English |
Format: | |
Price: | FREE |
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