Daniel Ellerbrock

Principles of Macro Economics

Professor Steelman
2 December 2014
Supply and demand
Econ necessities
This is what we learn about
In Steelmans class you see
Invisible hand
What makes the markets shake.
This Idea makes all the Keynesians quake
Oh, GDP, CPI, Aggregate Demand
These forces shape economy in our land
Sum of all the final goods that is GDP
No household goods are counted in Real GDP
The marginal cost
For an activity
Is the value of
Lost Opportunity
The debt ceiling
Must be agreed upon
By Congress and the President
To Raise the debt a ton
Oh, Consumption Function, Ceterus Parabus, Aggregate Supply
All other things being constant these principles apply
Fiscal Policy President and the USA
Determines the way our economy works in the world today!!!!!!