Preview

Assignment

Satisfactory Essays
Open Document
Open Document
435 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Assignment
Explanation of economic stability

A term used to describe the financial system of a nation that displays only minor fluctuations in output growth and exhibits a consistently low inflation rate. Economic stability is usually seen as a desirable state for a developed country that is often encouraged by the policies and actions of its central bank.

Economic stability is important to keep the supply of essentials like food and shelter available and affordable so that people can survive. When an economy is drastically unstable, chaos usually occurs. People do not have enough food to eat and often violence breaks out as people desperately try to feed their families.
Definition of Macroeconomics
Definitions of Macroeconomics "Macroeconomics is that part of economics which studies the overall averages and aggregates of the system." (Kenneth Boulding) "Macroeconomics
Macroeconomics is the study of economics in terms of whole systems especially

Explanation of economic stability

A term used to describe the financial system of a nation that displays only minor fluctuations in output growth and exhibits a consistently low inflation rate. Economic stability is usually seen as a desirable state for a developed country that is often encouraged by the policies and actions of its central bank.

Economic stability is important to keep the supply of essentials like food and shelter available and affordable so that people can survive. When an economy is drastically unstable, chaos usually occurs. People do not have enough food to eat and often violence breaks out as people desperately try to feed their families.
Definition of Macroeconomics
Definitions of Macroeconomics "Macroeconomics is that part of economics which studies the overall averages and aggregates of the system." (Kenneth Boulding) "Macroeconomics
Macroeconomics is the study of economics in terms of whole systems especially

Explanation of economic stability

A term used to describe the

You May Also Find These Documents Helpful

  • Powerful Essays

    Chapter 02

    • 1790 Words
    • 7 Pages

    Macroeconomics is the study of a country's overall economic issues such as performance, structure, behavior, decision making, and study rates. Microeconomics focuses on smaller economic units such as individual consumers, families and businesses. They can affect how much and what you can buy for your family.…

    • 1790 Words
    • 7 Pages
    Powerful Essays
  • Good Essays

    Economics Outline Ch 17

    • 474 Words
    • 2 Pages

    * The federal government uses monetary and fiscal policies, or stabilization policies, to keep the economy healthy. The government uses methods and theories to avoid the two problems that destabilize the economy—unemployment and inflation. Unemployment can be classified as cyclical, structural, seasonal, or frictional. High unemployment is a sign that the economy is not well; on the contrary, low unemployment is a sign of a stable economy. Inflation is caused by excessive expansion of the money supply or government spending, according to the demand-pull theory.…

    • 474 Words
    • 2 Pages
    Good Essays
  • Good Essays

    Econ 101 Intro notes

    • 613 Words
    • 3 Pages

    Macroeconomics: the study of the behavior of the aggregate economy, including issues like unemployment, inflation, and changes in the level of national income.…

    • 613 Words
    • 3 Pages
    Good Essays
  • Good Essays

    In today’s economic culture, there is currently a huge significance in being able to analyze or understand the state of the economy to which we live in. Being that I spend money in today’s market I would like to think that the economic market is stable enough to return back to me in one form or another. One could always tell when a market is at its weakest of points. There are grave numbers of job loss or retention of employees, gas prices continuously rise, financial corruption are more present and recognizable. All of these things play a key role of individuals encountering equilibrium.…

    • 858 Words
    • 4 Pages
    Good Essays
  • Good Essays

    Macroeconomics examines either the economy as a whole or its basic subdivisions, such as the government, household, and business sectors. Macroeconomics seek to obtain an overview or general outline of the structure of the economy relationship of its major aggregates. We can see it as an economic measure of total output, total employment, total income, aggregate expenditure, and the general level of prices in analyzing various economic problems. On the other hand microeconomics is the part of economics concerned with individual units such as a person, a firm, or industry. At this level economist observe the detail of an economic unit, or very small segment of the economy. Micro measures the price of a specific product, the number of employees in a small business, the revenue of a particular…

    • 637 Words
    • 3 Pages
    Good Essays
  • Satisfactory Essays

    According to Investopedia “The field of economics is broken down into two distinct areas of study: microeconomics and macroeconomics. Microeconomics looks at the smaller picture and focuses more on basic theories of supply and demand and how individual businesses decide how much of something to produce and how much to charge for it. People who have any desire to start their own business or who want to learn the rationale behind the pricing of particular products and services would be more interested in this area. Macroeconomics, on the other hand, looks at the big picture (hence "macro"). It focuses on the national economy as a whole and provides a basic knowledge of how things work in the business world.”…

    • 569 Words
    • 3 Pages
    Satisfactory Essays
  • Better Essays

    Futures High needs Hockey Teams because it will benefit the students. The first reason Futures High needs Hockey Teams is because hockey would help students become more athletic. The second reason Futures needs Hockey Teams is because it would help students to burn fat and calories. The third reason why Futures High needs Hockey Teams is because it would help the students to think better. The following essay will explain more why Futures High needs Hockey Teams.…

    • 902 Words
    • 4 Pages
    Better Essays
  • Good Essays

    We need to have a stable economy for our people so that we can create a peaceful environment…

    • 764 Words
    • 4 Pages
    Good Essays
  • Good Essays

    starting with the basics

    • 1055 Words
    • 5 Pages

    Complete the worksheet, and submit to the facilitator for grading. This assignment will help you become familiar with the resources available on the University of Phoenix student website. You will also be reviewing the parts of the writing process, rules of writing, APA guidelines, plagiarism, and critical thinking. Each question is worth 1 point.…

    • 1055 Words
    • 5 Pages
    Good Essays
  • Good Essays

    Econ Study Guide

    • 2117 Words
    • 9 Pages

    Macroeconomics is the study of the economy as a whole. It considers problems of inflation, unemployment, business cycle and growth.…

    • 2117 Words
    • 9 Pages
    Good Essays
  • Powerful Essays

    Food Technology Australia

    • 1441 Words
    • 5 Pages

    Economy is the financial system of a country or region developed by the government that ensures efficient production, distribution and consumption of goods and services to meet the demands of the population and the supply of money.…

    • 1441 Words
    • 5 Pages
    Powerful Essays
  • Better Essays

    Just Culture

    • 1083 Words
    • 5 Pages

    References: Anderson, K. (2013). The Difference Between Macro and Microeconomics | Mint.com. Retrieved October 13, 2013, from https://www.mint.com/the-difference-between-macro-and-microeconomics/…

    • 1083 Words
    • 5 Pages
    Better Essays
  • Satisfactory Essays

    growth that were the result of social decisions in both the public and private sectors. It…

    • 603 Words
    • 3 Pages
    Satisfactory Essays
  • Satisfactory Essays

    Measuring a Nation's Income

    • 114428 Words
    • 458 Pages

    The basic tools of supply and demand are as central to macroeconomic analysis as they are to microeconomic analysis.…

    • 114428 Words
    • 458 Pages
    Satisfactory Essays
  • Good Essays

    Explanation: The study of a country's larger economic issues, such as how firms compete, the effect of government policies, and how an economy maintains and allocates its scarce resources, is termed macroeconomics.…

    • 16575 Words
    • 61 Pages
    Good Essays