MacroeconomicsThis text offers a balance of theory, economic policy and real-world data. It covers open-economy (international) aspects of macroeconomics, as well as micro-foundations of macroeconomic theory. It also presents even-handed views of the major schools of th |
Contents
Introduction | 3 |
National Income Accounting | 29 |
Income and Spending | 55 |
Copyright | |
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Common terms and phrases
adjustment aggregate demand aggregate demand curve aggregate supply curve amount autonomous spending bonds business cycle central bank Chapter consumption function countries demand for money demand for real deposits depreciation disposable income dollar economy effects equal equation equilibrium income equilibrium level exchange rate exports Federal Reserve Figure finance firms fiscal expansion fiscal policy foreign full-employment level GDP deflator government spending growth rate high-powered money higher inflation rate inventories investment spending IS-LM model Keynesian level of income level of output LM curve LM schedule long-run macroeconomics marginal propensity monetary policy money demand money growth money market money multiplier money stock money supply nominal interest rate percent period Phillips curve price level propensity to consume ratio rational expectations real balances real business cycle real GDP real money real wage recession reduce rise saving rate shifts short-run shows supply shock Table targets theory unemployment rate velocity