Raspunsuri la examenul de Macroeconomie +Teorie - Pischina Tatiana

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REVIEW: Macroeconomics- studies the behavior of the economy as a whole Business Cycle-long-run economic growth and the short-run fluctuations in output and employment (ups and downs in economic growth) Recession- when in the long run economic growth declines (lower output and living standards) Real GDP- measures the value of all final goods and services produced within a country, and usually for one year. It also corrects for price changes so that we know if there is a change in output (rather than prices) ...