ABSTRACT
This chapter presents the definition of macroeconomics, and the main issues of the macro economy. There are three main macroeconomic issues treated in this book. One issue is nationwide unemployment and the business cycle of boom and bust. The second is the uses of money and credit as well as the panics, inflationary surges, and crises that have come with their use. The third is the wonders of economic growth as well as the calamities of economic waste and stagnation. In thinking about policy, one must always remember the groups who flood the airways with advertisements advocating for a particular policy seldom have the same economic interests as the average person. Economic policy is a focal point for conflict between economic interests, such as the majority of employees versus the very rich—especially high-income owners of businesses.
