{"id":5449,"date":"2019-02-14T10:27:57","date_gmt":"2019-02-14T04:57:57","guid":{"rendered":"http:\/\/astan.lk\/al_virtualclassroom\/?p=5449"},"modified":"2019-02-16T10:19:04","modified_gmt":"2019-02-16T04:49:04","slug":"macro-economic-variables","status":"publish","type":"post","link":"https:\/\/astan.lk\/al_virtualclassroom\/macro-economic-variables\/","title":{"rendered":"Macro Economic Variables"},"content":{"rendered":"<p>The main variables which decide the economic activities are known as macro economic variables.<\/p>\n<h3>\n<span style=\"color: #000000;\">Macro economic variables can be shown as follows<\/span><\/h3>\n<p>\u2022 National output<br \/>\n\u2022 Employment<br \/>\n\u2022 Price level<br \/>\n\u2022 Balance of payment<br \/>\n\u2022 Foreign exchange rate.<\/p>\n<p>&nbsp;<\/p>\n<ul>\n<li>When the activities of the main economic variables change, the aggregate production<br \/>\nof the economy also changes.<\/li>\n<li>Business cycles are explained as the cyclical behaviour of real gross domestic<br \/>\nproduction which changes with time.<\/li>\n<li>Business cycles can be used to understand the relationship of short term and long<br \/>\nterm behaviour of a macro economy.<\/li>\n<\/ul>\n<h3>\nCan understand the four periods of a business cycles.<\/h3>\n<h3>\n\u2022 Recession<br \/>\n\u2022 Trough<br \/>\n\u2022 Expansion<br \/>\n\u2022 Peak<\/p>\n<p><span style=\"color: #000000;\">This can be illustrated with a graph.<\/span><\/h3>\n<p><a class=\"fancybox\" href=\"http:\/\/astan.lk\/al_virtualclassroom\/wp-content\/uploads\/2017\/01\/Untitled-1yu67.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-6688 size-medium\" src=\"http:\/\/astan.lk\/al_virtualclassroom\/wp-content\/uploads\/2017\/01\/Untitled-1yu67-300x178.jpg\" alt=\"Untitled-1yu67\" width=\"300\" height=\"178\" \/><\/a><\/p>\n<ul>\n<li>The point where the actual output is at its minimum, is trough; and maximum point of<br \/>\nthe actual output is peak.<\/li>\n<li>The period from trough to peak , is the period in which the actual production is expanded.<\/li>\n<li>The period from peak to trough is the periods in which the actual production is<br \/>\nconstructed; and this the recession.<\/li>\n<li>Time periods of expansion are longer than recession .<\/li>\n<li>Time from one peak to another peak is the length of a business cycle and these lengths<br \/>\nvary in a business cycle and lengths vary with each other.<\/li>\n<li>The long term trend of a business cycle can be explained as either economic growth or<br \/>\neconomic decline.<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>The main variables which decide the economic activities are known as macro economic variables. Macro economic variables can be shown as follows \u2022 National output \u2022 Employment \u2022 Price level \u2022 Balance of payment \u2022 Foreign exchange rate. &nbsp; When the activities of the main economic variables change, the aggregate production of the economy also [&hellip;]<\/p>\n","protected":false},"author":842,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[54,2685],"tags":[],"class_list":["post-5449","post","type-post","status-publish","format-standard","hentry","category-economics","category-unit-4-en"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.9 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Macro Economic Variables - Learning &amp; Education Portal<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/astan.lk\/al_virtualclassroom\/macro-economic-variables\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Macro Economic Variables - Learning &amp; Education Portal\" \/>\n<meta property=\"og:description\" content=\"The main variables which decide the economic activities are known as macro economic variables. Macro economic variables can be shown as follows \u2022 National output \u2022 Employment \u2022 Price level \u2022 Balance of payment \u2022 Foreign exchange rate. &nbsp; When the activities of the main economic variables change, the aggregate production of the economy also [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/astan.lk\/al_virtualclassroom\/macro-economic-variables\/\" \/>\n<meta property=\"og:site_name\" content=\"Learning &amp; Education Portal\" \/>\n<meta property=\"article:published_time\" content=\"2019-02-14T04:57:57+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2019-02-16T04:49:04+00:00\" \/>\n<meta property=\"og:image\" content=\"http:\/\/astan.lk\/al_virtualclassroom\/wp-content\/uploads\/2017\/01\/Untitled-1yu67-300x178.jpg\" \/>\n<meta name=\"author\" content=\"Admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/astan.lk\/al_virtualclassroom\/macro-economic-variables\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/astan.lk\/al_virtualclassroom\/macro-economic-variables\/\"},\"author\":{\"name\":\"Admin\",\"@id\":\"https:\/\/astan.lk\/al_virtualclassroom\/#\/schema\/person\/ffb0504e2cfb71518790b2fffd668c59\"},\"headline\":\"Macro Economic Variables\",\"datePublished\":\"2019-02-14T04:57:57+00:00\",\"dateModified\":\"2019-02-16T04:49:04+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/astan.lk\/al_virtualclassroom\/macro-economic-variables\/\"},\"wordCount\":222,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/astan.lk\/al_virtualclassroom\/#organization\"},\"image\":{\"@id\":\"https:\/\/astan.lk\/al_virtualclassroom\/macro-economic-variables\/#primaryimage\"},\"thumbnailUrl\":\"http:\/\/astan.lk\/al_virtualclassroom\/wp-content\/uploads\/2017\/01\/Untitled-1yu67-300x178.jpg\",\"articleSection\":[\"Economics\",\"Unit 4\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/astan.lk\/al_virtualclassroom\/macro-economic-variables\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/astan.lk\/al_virtualclassroom\/macro-economic-variables\/\",\"url\":\"https:\/\/astan.lk\/al_virtualclassroom\/macro-economic-variables\/\",\"name\":\"Macro Economic Variables - Learning &amp; 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