What is AI’s Christmas present to humanity? An improved economy.
<p>Happy Holidays 2023. Merry Christmas to those who celebrate December 25th as a day of gift giving and receiving. It’s always fun and exciting to unwrap gifts to see what’s inside. As we unwrap the promise of AI, an improved economy seems to be the most sensible expectation of what AI will bring in the next 50 years.</p>
<p>In this article let’s explore what is the economy; the difference between microeconomics and macroeconomics; the law of supply and demand; the gross domestic product (GDP); GDP calculations in the United States, the European Union (EU), and China; inflation; inflation calculations in the U.S., the EU, and China; monetary policy; monetary policy in the U.S., the EU, and China; and how AI will promote improvements in the economy.</p>
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