Principles of Macroeconomics / Unit 1 MAC 0009 short lesson, about 20 seconds
The Three Macroeconomic Goals
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The idea
Macroeconomics is organized around three goals: growth in the standard of living, low unemployment, and low inflation. Every model in this course speaks to at least one.
In practice
Units four, five and six take the three goals one at a time.
Where people slip
A fourth goal, a sustainable balance of trade, is added once the open economy arrives in unit seven.
Your place on the trail
Every lesson rests on earlier ones and opens later ones. Tap any to jump.
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