General Macroeconomic Framework

摘要: Innovation and entrepreneurship, while extremely important for long-term economic growth, are certainly not the only factors that affect economy of a nation. A large number other factors—monetary fiscal policies, budget trade deficits, inflation, unemployment, exchange rates, host others—affect in near term. We, therefore, provide an overview general macroeconomic framework, this chapter. In order to understand changes short run, one must consider broader framework. This is especially since, as field macroeconomics began after Great Depression 1930s, it quickly evolved along two different schools thought. These thought have been reconciled late 1990s.