[Verse 1] Count the nation's wealth in three distinct ways Consumption plus investment, government pays Net exports round it out, expenditure's call Income approach adds wages, profits for all Real strips inflation, nominal shows the face GDP deflator tracks the general pace [Chorus] Macro waves crash through the global scene C plus I plus G plus NX machine Central banks pull levers, rates rise and fall Phillips Curve dancing on the wall Trade flows crossing every border line Economic engines keeping time [Verse 2] Cycles swing from expansion's golden peak Through contraction's valley, trough so bleak Leading indicators whisper future's song Lagging ones confirm when trends go wrong Solow's model shows how nations grow Productivity's the star of the show [Chorus] Macro waves crash through the global scene C plus I plus G plus NX machine Central banks pull levers, rates rise and fall Phillips Curve dancing on the wall Trade flows crossing every border line Economic engines keeping time [Bridge] Fed's dual mandate keeps the balance tight Price stability, employment's fight Quantitative easing floods the zone Forward guidance sets the future's tone Balance of payments tells the tale Current account, where exports sail [Verse 3] Fiscal multipliers amplify the spend Crowding out makes private lending bend Exchange rates float on purchasing power Interest parity rules the hour Impossible trinity holds three in check Currency pegs crash on the deck [Chorus] Macro waves crash through the global scene C plus I plus G plus NX machine Central banks pull levers, rates rise and fall Phillips Curve dancing on the wall Trade flows crossing every border line Economic engines keeping time [Outro] Crisis strikes when bubbles burst apart Contagion spreads from heart to heart Sovereign debt weighs nations down Systemic risk shakes every town Macroprudential guards the gate Economic cycles seal our fate
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