{"id":315,"date":"2024-05-30T03:23:19","date_gmt":"2024-05-30T03:23:19","guid":{"rendered":"https:\/\/course.oeru.org\/maec102\/?page_id=315"},"modified":"2024-05-30T03:23:19","modified_gmt":"2024-05-30T03:23:19","slug":"summary","status":"publish","type":"page","link":"https:\/\/course.oeru.org\/maec102\/learning-pathways\/the-macroeconomic-model\/summary\/","title":{"rendered":"Summary"},"content":{"rendered":"<div id=\"content\" class=\"mw-body container\" role=\"main\">\n<div class=\"row\">\n<div class=\"col-md-12\">\n<div class=\"panel\">\n<div class=\"panel-body\">\n<div id=\"bodyContent\">\n<div id=\"mw-content-text\" lang=\"en\" dir=\"ltr\" class=\"mw-content-ltr\">\n<p>\nIn this pathway we explored the macroeconomic model and its competing theories, including the controversy between the classical and Keynesian theories. We also looked at the business cycle and basic perspectives on the stability of the economy. We studied the GDP deflator, a price index measuring inflation or deflation, and fluctuations and trends in real and nominal GDP. Finally, we took a more detailed look at models of the macro economy and two competing theories: demand-side and supply-side.<br style=\"clear:both;\">\n<\/p>\n<p>\n<\/p>\n<div class=\"panel iDevice\">\n\t<div class=\"panel-heading idevice-heading\">\n\t\t<div>\n\t\t\t<img decoding=\"async\" class=\"pedagogicalicon\" alt=\"question\" src=\"https:\/\/course.oeru.org\/maec102\/wp-content\/themes\/oeru_course\/idevices\/Icon_qmark.png\">\n\t\t<\/div>\n\t\t<div>\n\t\t\t<h2>Ask OERu<\/h2>\n\t\t<\/div>\n\t<\/div>\n\t<div class=\"panel-body\">\n\t\t<div class=\"col-md-12\">\n\t\t\t<\/p>\n<p>Remember that if you have any content related questions about this section, please visit our community-based question and answer forum.\n<\/p>\n<ul>\n<li> First scan or search to see if your question has been asked before to avoid duplicate questions\n<\/li>\n<li> If you don&#8217;t find what you are looking for, post a new question.\n<\/li>\n<\/ul>\n<p>Visit <a rel=\"nofollow\" class=\"external text\" href=\"https:\/\/forums.oeru.org\/t\/maec102-ask-oeru\/103\">Ask OERu<\/a> to post questions and support fellow learners if you know the answers.\n<\/p>\n<div style=\"margin: 2ex; width: 100%;\">\n<hr width=\"25%\"><small><b>Ask OERu<\/b> is a community-based support forum hosted on <a rel=\"nofollow\" class=\"external text\" href=\"https:\/\/forums.oeru.org\">forums.oeru.org<\/a>. Remember to reward good answers and questions by liking the post. <br \/><font color=\"green\">Please add the course tag to your post<\/font>: <b>maec102<\/b><br \/>\n<\/small><\/div>\n<p>\n<\/p>\n<p>\n\t\t<\/div>\n\t<\/div>\n<\/div>\n<p>\n<\/p>\n<p><!-- \nNewPP limit report\nCPU time usage: 0.018 seconds\nReal time usage: 0.025 seconds\nPreprocessor visited node count: 129\/1000000\nPreprocessor generated node count: 969\/1000000\nPost\u2010expand include size: 4846\/2097152 bytes\nTemplate argument size: 2096\/2097152 bytes\nHighest expansion depth: 8\/40\nExpensive parser function count: 0\/100\n--><\/p>\n<p><!-- Saved in parser cache with key we_en-mw_:pcache:idhash:178221-0!*!*!*!*!2!* and timestamp 20240530032318 and revision id 1010888\n -->\n<\/div>\n<div class=\"visualClear\"><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"row\">\n<div class=\"col-md-12\">\n<ul class=\"pager\">\n<li class=\"previous\">\n            <a href=\"\/maec102\/learning-pathways\/the-macroeconomic-model\/long-run-self-adjustment\">\u2190 Previous<\/a>\n          <\/li>\n<li class=\"next\">\n            <a href=\"\/maec102\/learning-pathways\/the-macroeconomic-model\/start-introduction-to-macroeconomic-model-activity\">Next \u2192<\/a>\n          <\/li>\n<\/ul><\/div>\n<\/p><\/div>\n<div id=\"wenote-ids\"><script type='text\/javascript' id='wenotes-ids'>\n    var WEnotesSite = \"https:\/\/wikieducator.org\";\n    var WEnotesPath = \"\/Macroeconomics_activity_and_demand\/Macroeconomic_activity_and_demand_summary\";\n    var WEnotesSiteID = \"0e3d258fbd36841f92259eefcd41d5e9\";\n    var WEnotesPathID = \"4d54d517f7143f8aa440296b4265d7b9\";\n    var WEnotesIDs = { site: \"https:\/\/wikieducator.org\", path: \"\/Macroeconomics_activity_and_demand\/Macroeconomic_activity_and_demand_summary\", site_id: \"0e3d258fbd36841f92259eefcd41d5e9\", path_id: \"4d54d517f7143f8aa440296b4265d7b9\" };\n<\/script><\/div>\n<\/div>\n<footer><\/footer>\n","protected":false},"excerpt":{"rendered":"<p>In this pathway we explored the macroeconomic model and its competing theories, including the controversy between the classical and Keynesian theories. We also looked at the business cycle and basic perspectives on the stability of the economy. We studied the GDP deflator, a price index measuring inflation or deflation, and fluctuations and trends in real [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":293,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"footnotes":""},"class_list":["post-315","page","type-page","status-publish","hentry"],"_links":{"self":[{"href":"https:\/\/course.oeru.org\/maec102\/wp-json\/wp\/v2\/pages\/315","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/course.oeru.org\/maec102\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/course.oeru.org\/maec102\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/course.oeru.org\/maec102\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/course.oeru.org\/maec102\/wp-json\/wp\/v2\/comments?post=315"}],"version-history":[{"count":1,"href":"https:\/\/course.oeru.org\/maec102\/wp-json\/wp\/v2\/pages\/315\/revisions"}],"predecessor-version":[{"id":316,"href":"https:\/\/course.oeru.org\/maec102\/wp-json\/wp\/v2\/pages\/315\/revisions\/316"}],"up":[{"embeddable":true,"href":"https:\/\/course.oeru.org\/maec102\/wp-json\/wp\/v2\/pages\/293"}],"wp:attachment":[{"href":"https:\/\/course.oeru.org\/maec102\/wp-json\/wp\/v2\/media?parent=315"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}