Four Macroeconomic Problems

This shift of attention of economists from microeconomics to macroeconomics came about because economists (and other people) had come to see four very important national problems as macroeconomic problems -- that is, as problems that could not be understood or solved without an understanding of the workings of the market economic system as a whole. The four distinctively macroeconomic problems are

1. Recessions
2. Unemployment
3. Inflation
4. Economic Growth (or Stagnation)

Recession