MACROECONOMICS

By developing such measures and a sympathetic of them, governments attempt to influence the world economy. Macroeconomics attempts to measure and understand relationships governing overall economic movement, such as income, output, and the relationships among diverse economic sectors.  In the United States, the economist with the most influence on the economy is the chairman of the Federal Reserve Board. The Federal Reserve Board pedals the nation's financial policy, regulates banks, and seeks to preserve the financial steadiness of the United States. The objective is to control the enlargement of the U.S. economy, identified as economic development, and minimize reduction of the economy, identified as recession. One might think the economy should grow as quickly as possible. However, a quickly growing economy results in inflation, which can afterward lead to deep depression. The Fed controls the growth of the U.S. economy by raising and lowering attention rates and appealing in other monetary activities. The chairman bases decision on an analysis of economic indicator.