Chapter_19　Big Events The Economics多恩布什宏观经济学（教学课件）PPT.pptVIP

Introduction Great events shape both the economy and the study of economics The study of macroeconomics in particular grows out of economic experiences – especially traumatic ones In the Great Depression 25% of the labor force was unemployed During the 20th century many countries experienced hyperinflation Over the later part of the 20th century the budget balance in the U.S. swung from deficit to surplus, and then back to deficit Looking to the future, will the U.S. social security system remain solvent, or will it crash in the 21st century? The Great Depression: The Facts The Great Depressio