Macroeconomics Basics What is macroeconomics? Seeks to understand changes in The rate of economic growth The rate of inflation Unemployment Trade with other countries Measuring Economic Growth Gross Domestic Product (GDP)
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Financial Times, November 4, 2008
Euro area:Austria, Belgium, Cyprus, Finland, France, Germany, Greece, Ireland, Italy, Luxembourg, Malta, Netherlands, Portugal, Slovenia, Spain.
EU Member States obliged to adopt the euro eventually: Bulgaria, Czech Republic, Estonia, Hungary, Latvia, Lithuania, Poland, Romania, Slovakia (Jan. 1, 2009), Sweden.
EU Member States with an opt out from adopting the euro: Denmark, United Kingdom.