Function in Macro Economy

Abstract

    The economic relationships are often relationships of the factors in the whole the economy (called of the economic variables). Finding out relationships between these economic variables will see theirs clearly. Then, we can explore economic rules and the operation of the economy. Based on the functional concept in mathematics, we can express these relationships and explore their natura. This is the reason for the author discussing in this post. This writing supplies a brief concept about function, the popular economic functions, recommend two output functions involving inflation in period 2007Q1 – 2016Q4 of the Vietnamese economy and analyze simultaneously both quantitative and qualitative relationships between other macro variables with inflation or by inflation itself of the Vietnamese economy.