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Macroeconomics is economics plus psychology. Broader trends in the economy have elements of human behavior affecting them. If you see cloudy skies, and the wea
by chomp 4y ago
Macroeconomics is economics plus psychology. Broader trends in the economy have elements of human behavior affecting them.
If you see cloudy skies, and the weather reports suggest "maybe hurricane, maybe not", and your neighbors are boarding up their windows, you might be driven to action as well.
- ajsnigrutin 4y agoOn the other hand, if you have a pizzeria, and people are talking about diets, cholesterol, unhealthy food, everyone is buying fitness gear... but you still have a line infront of the restaurant, and your take-out phone operator doesn't have time to go pee, you don't fire workers. So, internal numbers are probably showing a downwards trend too, if so many companies are laying off workers.
- selectodude 4y agoOn the other hand, companies use recessions to cut headcount without causing the people they want to keep to head for the exits too.