fuachristian

@fuachristian (3)

Age 32

Joined myLot 12 years ago

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Third and Final Macroeconomic Question: Money and the Economy

socballais @socballais (71) • Philippines 25 Sep 12

How do changes in the amount of money in the economy affect output, growth, unemployment and inflation?

49 responses

fuachristian an economy does well there is money circulating. when people and businesses can afford to buy goods and services, people can make living selling them. both inflation and unemployment have negative effect on an economy, but to some extent they push in...

28 Sep 12

Economic development or Economic Growth?

socballais @socballais (71) • Philippines 12 Sep 12

Countries around the world benchmark their economic performance by the amount of the Gross National Product (GNP) that they attained. The higher the GNP, the higher is the economic growth. Is economic growth equated with economic...

59 responses

fuachristian I prefer in economic growth because it increase on the amount of goods and services produce by economy over time. it is conventionally measured at the percent rate of increase in real gross domestic product, or real GDP. growth is usually calculated in real...

25 Sep 12

Which comes first Microeconomics or Macroeconomics?

socballais @socballais (71) • Philippines 12 Sep 12

Is it possible to venture into Macroeconomics without studying Microeconomics? Is Microeconomics a prerequisite course before studying Macroeconomics?

60 responses

fuachristian Well you must take micro first because it will learn you the basic ABC of economics,you know that the micro means study of individual three and macro is the study of hole forest. so its important to take micro to make easy your life in macro. It is not...

25 Sep 12