Macroeconomics / David G. Tuerck.
Material type:
TextSeries: aEconomics and public policy collectionPublisher: New York, New York (222 East 46th Street, New York, NY 10017) : Business Expert Press, [(c)2021.]Edition: Third editionDescription: 1 online resource (273 pages)Content type: - text
- computer
- online resource
- 9781953349255
- Macroeconomics
- Aggregate demand
- Aggregate supply
- Classical tradition
- Monetary and fiscal policy
- Excess demand
- Excess supply
- Full employment
- Individual equilibrium
- Laffer curve
- Natural unemployment rate
- Nonaccelerating inflation rate of unemployment
- Nonaccelerating inflation rate of labor-force participation
- Phillips curve
- JPotential GDP
- Steady state of economic growth
- Structural unemployment
- Supply-side economics
- Modern monetary theory
- Intertemporal elasticity of substitution
- Income and substitution effects of tax rate changes
- Permanent income hypothesis
- Total factor productivity
- National Income and Product Accounts
- Replacement rate
- Self-reliance rate
- Keynesian model
- Suppressed inflation
- INUS explanations for macroeconomic activity
- HB172.5
- COPYRIGHT NOT covered - Click this link to request copyright permission: https://lib.ciu.edu/copyright-request-form
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"First published in 2015 ..."--Title page verso.
Chapter 1. Introduction -- Chapter 2. Macro measures -- Chapter 3. Individual equilibrium -- Chapter 4. Saving -- Chapter 5. Capital and labor -- Chapter 6. Economic growth -- Chapter 7. Taxes and the macroeconomy -- Chapter 8. Government spending -- Chapter 9. Monetary policy -- Chapter 10. Budget policy -- Chapter 11. Managing aggregate supply and aggregate demand -- Chapter 12. Diagnosing the economy -- Chapter 13. The twin U.S. contractions -- Chapter 14. Lessons from recent macroeconomic policy making.
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The task of macroeconomics is to provide the tools for understanding the performance of the aggregate economy, as measured by production, employment, inflation, and other economic indicators. Most books on this topic compare different theories of macroeconomic performance, under alternative assumptions about how individual consumers, workers and investors adjust to the economic environment in which they find themselves. This book brings these theories together under one methodological roof, where the choices made by economic agents depend on their varying perceptions of the economic constraints they face, combining new classical principles, under which the economy operates at full employment, with theories that allow for extended periods of underemployment brought about by mixed signals from workers and employers. The book takes up modern monetary theory and its bearing on the massive deficits run up the federal government over the ongoing 'corona contraction' and the earlier 'great contraction'. Thee author also reviews the policy interventions undertaken by the federal government during these contractions, with a view toward assessing their effectiveness.
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