Macroeconomics. Volume I /
David G. Tuerck.
- Second edition.
- 1 online resource (viii, 175 pages)
- Economics and public policy collection, 2163-7628 .
- Economics and public policy collection. .
1. Introduction -- 2. Macro measures -- 3. Individual equilibrium -- 4. Saving -- 5. Capital and labor -- 6. Economic growth -- 7. Taxes and the macroeconomy -- 8. Government spending -- Bibliography -- About the author -- Index.
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Macroeconomics is the study of the economy as a whole and of the work and saving choices of individual economic agents from which macroeconomic activity emerges. This book, produced in two volumes, takes an integrative approach to that topic. It introduces macroeconomics as a study of (1) the long-run, "micro" foundations of macroeconomic analysis and (2) the short-run deviations from long-run equilibrium that are brought about by disparities between aggregate supply and aggregate demand. The first of these is the subject of Volume I, the second, the subject of Volume II.
Mode of access: World Wide Web. System requirements: Adobe Acrobat reader.
9781947098770
Macroeconomics.
aggregate demand aggregate supply classical tradition monetary and fiscal policy excess demand excess supply full employment individual equilibrium Laffer curve natural unemployment rate non-accelerating inflation rate of unemployment non-accelerating inflation rate of labor-force participation Phillips curve potential GDP steady state of economic growth structural unemployment supply side economics