MACROeconomics 15 Minute Review

Mr. Clifford provides a comprehensive review of macroeconomics, covering key concepts such as scarcity, economic systems, GDP, aggregate demand and supply, fiscal and monetary policy, money and banking, and trade and foreign exchange. The video explains the circular flow model, types of unemployment, inflation, the business cycle, and the Phillips curve. It also discusses fiscal and monetary policies, including their effects on the economy, and explores the balance of payments and currency appreciation and depreciation.

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