properly.

Macroeconomics

What determines the level of economic activity in a society? In other words, what determines how many goods

and services a nation actually produces? What determines how many jobs are available in an economy? What

determines a nation’s standard of living? What causes the economy to speed up or slow down? What causes

firms to hire more workers or to lay them off? Finally, what causes the economy to grow over the long term?

We can determine an economy's macroeconomic health by examining a number of goals: growth in the

standard of living, low unemployment, and low inflation, to name the most important. How can we use

government macroeconomic policy to pursue these goals? A nation's central bank conducts monetary policy,

which involves policies that affect bank lending, interest rates, and financial capital markets. For the United

States, this is the Federal Reserve. A nation's legislative body determines fiscal policy, which involves
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