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Macroeconomics

Wealth is created through productive labour, where self-interest motivates people to put their resources to the best use - Adam Smith

Definition

The study of how economies function, covering the analysis of:

  • balance of payments
  • inflation
  • interest and foreign exchange rates
  • economic production

Purpose

The aim is to create fiscal and monetary policies that:

  • lead to sustainable growth
  • reduce poverty
  • enable social equality

AI Impact

Money Supply

How does money get created?

Inflation vs Deflation

Resources