Macroeconomics: Growth and Inflation
How are unemployment and inflation linked? What is aggregate demand’s role and how can long-run macroeconomic equilibrium be achieved? Find out in this course.
This course on macroeconomic inflation and unemployment explores the economic business cycle in both the short-term and long-run. It covers the concept of aggregate demand (AD), recessionary and inflationary gaps, and long-run macroeconomic equilibrium. By the end of the material, you will be able to describe and understand the full economic business cycle.
What You Will Learn In This Free Course
Unemployment and Inflation
This module explains the aspects of unemployment and its relationship with economic inflation. You will learn about different types of unemployment and their impact to the economy. The module also covers the following: How to Compute Unemployment Rate, Unemployment over the Long Run and the inverse relationship between Inflation and Unemployment.
Aggregate Economic Activities and Fluctuations
This module studies the nature, causes, and characteristics of the two major economic problems: periods of severe unemployment and periods of inflation. It also covers the concept of aggregate demand and real GDP. Finally the module explains Macroeconomic equilibrium by discussing recessionary and inflationary Gaps.
Course assessment
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