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Macroeconomics is the study of the fluctuations in the cycles of income and economic growth, unemployment, production and income distribution, inflation, and financial markets. Simply put, it is the study of aggregate supply and demand.
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N. GREGORY MANKIW is a Professor of Economics at Harvard University, USA. He began his study of economics at Princeton University, where he received an AB in 1980. After earning a PhD in Economics from MIT, he began teaching at Harvard in 1985 and was promoted to full professor in 1987. Mankiw is a regular participant in academic and policy debates. His research ranges across macroeconomics and includes work on price adjustment, consumer behaviour, financial markets, monetary and fiscal policy, and economic growth. In addition to his duties at Harvard, he has been a research associate of the National Bureau of Economic Research, a member of the Brookings Panel on Economic Activity, and an adviser to the Federal Reserve Bank of Boston and the Congressional Budget Office. From 2003 to 2005 he was chairman of the President's Council of Economic Advisers.
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