Chapter
1 |
|
Concerns of
Macroeconomic |
·
Business Cycle顶峰低谷交替 ·
Aggregate Output产出 ·
Expansion or boom顶峰 ·
Contraction, recession, or slump低谷 |
|
|
Inflation |
An increase in the overall price level. 通货膨胀 |
Deflation |
A decrease in the overall price level. 通货紧缩 |
Component of
Macro Economy *Role of each
components v Goods and
services market v Labor Markets v Money Markets |
·
Households ü Provide demand,
labor ü Purchasing,
consuming ü Act as consumer,
taxpayer, worker ·
Firms ü Fulfill Demand,
create income ü Producing, Processing ü Act as a producer,
taxpayer ·
Government ü Purchasing
consuming, constructing ü Act as a manager,
tax collector ü Fiscal Policy
and Monetary Policy ·
The rest |
Fiscal Policy财政政策 |
It’s
all about: ·
Total social Product ·
National Income distribution ·
Tax policy ·
Fiscal investment policy ·
Expenditure policies ·
Budgetary Revenue policy and so on |
Monetary Policy货币政策 |
·
Stabilize prices ·
promote economic growth ·
achieve full employment ·
balance the balance of payments |
Fund sourcing |
·
Treasury Bonds, Notes or bills ·
Dividends ·
Corporate bonds ·
National debt |
|
|
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