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    Understanding macroeconomic conditions

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    What is macroeconomics? What role does macroeconomics play in your personal financial decisions and the decisions that your organization makes? What are the resources that are available to you in your efforts to understand current macroeconomic conditions?

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    Solution Preview

    Let's first think about what macroeconomics entails. From there, you should be able to find ways that it affects you personally.

    Macroeconomics involves the complex interactions resulting from transactions between the government, households, and businesses. These transactions are the result of a society attempting to meet its needs with limited resources. For example, when government spending increases, this causes businesses to ...

    Solution Summary

    The solution defines macroeconomics and resources to evaluate its present state.