Principles of Macroeconomics / Unit 18 MAC 1732 short lesson, about 20 seconds
What the Models Cannot Decide
Captions available
The idea
The models say what follows from what. They do not say whose interests should prevail, how to weigh a job against a price, or what a government should do. Those are questions about values.
In practice
Both sides of most policy arguments use the same diagram correctly.
Where people slip
An exam question asks what the model implies, not what you would choose.
Your place on the trail
Every lesson rests on earlier ones and opens later ones. Tap any to jump.
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