Macroeconomics Basics

Macroeconomic forces affect all of us in our daily lives. Inflation
rates influence the prices we pay for goods and services and,
in turn, the value of our incomes and our savings. Interest
rates determine the cost of borrowing and the yield on bank
accounts and bonds, while exchange rates affect our command
over foreign products as well as the value of our foreign assets.
And all of this represents just the tip of the iceberg. Numerous
macro variables—ranging from unemployment to
productivity—are ...