ch宏观经济学导论剖析.ppt

* This slide and the next contain a list of some topical issues that macro can help students understand. Feel free to substitute others as new issues emerge. * * Second, the economy doesn’t always grow smoothly: over the short run, the economy sometimes experiences periods of falling GDP, called recessions. What students see in this graph as little downward blips correspond to periods during which hundreds of thousands of workers lose their jobs. Periods of rising GDP are called “expansions.” In March 2001, the U.S. completed the longest expansion on record. When the economy is expan