Makro Д°ktisat: Karеџд±laеџtд±rmalд±
: Analyzing the trade-offs (e.g., the Phillips Curve) and whether these issues are seen as temporary or structural.
: Emphasizes long-term supply-side factors, flexible prices, and the "Say's Law" (supply creates its own demand). KarЕџД±laЕџtД±rmalД± Makro Д°ktisat
: Comparing short-run stabilization policies with long-run growth models. : Analyzing the trade-offs (e
: Led by Milton Friedman, this school argues that the money supply is the primary determinant of short-run economic activity and inflation. : Analyzing the trade-offs (e.g.
The discipline typically follows a chronological and thematic progression through the major shifts in economic theory: