《初级宏观经济学》（英文版）Chapter 1 Introduction

U.S. Inflation Ratio from 1900 to 2000 World Great Worid Korean Vietnam First oil price shock War/ Depression War l War Wa Second oil price shock Inflation 15 0 Deflation 10 15 9001910192019301940195019601970198019902000 友学经济学院

U.S. Inflation Ratio from 1900 to 2000

1.1 Objectives and Scopes of Macroeconomics Content Five: International Economy o Close economy o Open economy Inflation will transmit between different countries 4 Trade surplus and deficit will influence domestic employment and government revenues 友学经济学院

1.1 Objectives and Scopes of Macroeconomics Content Five： International Economy  Close economy  Open economy ❖ Inflation will transmit between different countries ❖ Trade surplus and deficit will influence domestic employment and government revenues