About Lesson
a. This chapter mainly discusses macroeconomics. Macroeconomics is the theory and analysis of a nation’s
i. income and output;
ii. competitive and comparative advantages;
iii. the productivity of the labor force;
iv. price levels and inflation; and
v. government and central bank actions.
b. Macroeconomics enables an understanding of the effect that a nation’s economy, government actions, and economic trends have on industries and companies.