Overview
Macroeconomic theory has evolved significantly over the years, shaped by historical events and changing economic conditions. From the classical theories of the 18th and 19th centuries to the Keynesian revolution during the Great Depression, each theory has contributed to our understanding of economi...
Key Terms
Example: A country's GDP can indicate its economic health.
Example: High inflation can erode purchasing power.
Example: The unemployment rate is a key economic indicator.
Example: Aggregate demand influences economic growth.
Example: Government spending can have a multiplier effect on the economy.
Example: Lowering interest rates is a common monetary policy tool.
Related Topics
Key Concepts
Keynesian EconomicsMonetarismSupply-Side EconomicsBehavioral Economics