Macroeconomics : integrating theory, policy and practice for a new era /

Macroeconomics is the study of the economy as a whole and of work and saving choices of individual economic agents from which macroeconomic activity emerges. This book takes an integrative approach to that topic, showing how short-run and long-run forces operate simultaneously to determine the behav...

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Bibliographic Details
Main Author:	Tuerck, David G. (Author)
Format:	Electronic eBook
Language:	English
Published:	New York, New York (222 East 46th Street, New York, NY 10017) : Business Expert Press, 2015.
Edition:	First edition.
Series:	2014 digital library. Economics collection.
Subjects:	Macroeconomics. aggregate demand aggregate supply baseline scenario chain-weight method classical tradition Cobb-Douglas production function compensated supply curve consumption tax contractive monetary and fiscal policy cost of capital demand multiplier depreciation rate diminishing marginal rate of substitution excess demand excess supply expansive monetary and fiscal policy flat tax frictional unemployment full employment golden rule of economic growth Great Contraction gross national product income effect individual equilibrium interest parity condition intertemporal elasticity of substitution INUS Keynesian scenario labor force participation rate labor income Laffer curve leisure longrun aggregate supply macro foundations marginal effective tax rate marginal product marginal propensity to consume marginal propensity to produce marginal rate of substitution marginal utility micro foundations, money natural unemployment rate net foreign investment new classical economics nominal rate of return non-accelerating inflation rate of unemployment non- accelerating inflation rate of labor-force participation output supply multiplier Phillips curve potential GDP present value purchasing power parity rate of time preference real rate of return replacement rate repressed inflation repressed wages saving rate self-reliance rate short-run aggregate supply stabilization policies steady state of economic growth structural unemployment substitution effect supply side economics uncompensated supply curve unemployment rate
Online Access:	An electronic book accessible through the World Wide Web; click to view
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An electronic book accessible through the World Wide Web; click to view

Macroeconomics : integrating theory, policy and practice for a new era /

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