HENRY M. PAALES
Instructor, School of Liberal Arts
Ateneo de Zamboanga University
What is macroeconomics?
Macroeconomics considers the
performance of the economy as a whole.
It answers the questions:
What determines the size of the economy;
The Great Depression (1929-1939)
Let me first clear up any misconceptions about the Great Depression It was anything but great. Roughly
around 800,000 Americans were unemployed, which paled in comparison to the millions around the
world. Poverty reached n
Macroeconomics Chapter 1
Check Your Understanding
1 . Gasoline prices are rising, so people would like to drive hybrid cars. But hybrids are more
expensive than a comparable non-hybrid car. What could a local, state, or federal government do
to increase h
The 2008 Financial Crisis was a catastrophe of epic proportions. If you wanted to know what was the
cause of this crisis, in layman terms it was because of irresponsible spending and greed.
To begin with, a mortgage is a loan a bank or even a lender, prov
Chapter 2 Macroeconmics
Check Your Understanding:
1. Why is it that America uses heavy duty street cleaning machines driven by one person but
other countries employee many people with brooms?
a. In America its more efficient have a machine doing it than p