What are the three main types (schools) of macroeconomics?, What are the main ideas of classical economics?, What are the three main methods used to calculate GDP?, What is a business cycle and how is it defined in macroeconomics?, How is the unemployment rate calculated? Define the labor force., What are the main phases of the four-phase business cycle?, What are the main types of unemployment? Briefly describe each., What are the main economic and social consequences of high unemployment?, What is the “Rule of 70,” and how is it used in inflation analysis?, What is the GDP deflator, and how does it differ from the CPI?, What is macroeconomic equilibrium?, What is meant by aggregate supply in macroeconomics?, What are the main components of aggregate demand?

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