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EB

ONLINE

First edition

New York, New York (222 East 46th Street, New York, NY 10017) : Business Expert Press, 2015

1 online resource (249 pages)

ISBN 9781606496770 (electronic bk.)

ISBN 9781606496763 paperback

Economics collection, ISSN 2163-7628

Print version: ISBN 9781606496763

Part of: 2014 digital library

Includes bibliographical references (pages 243-245) and index

1. Introduction -- 2. Macro measurements -- 3. Individual equilibrium -- 4. Saving -- 5. Capital -- 6. Labor, production, and economic growth -- 7. Deficit spending -- 8. Taxes and the macroeconomy -- 9. Excess supply and excess demand -- 10. Equilibrium low employment -- 11. The great contraction -- 12. Lessons from recent macroeconomic policy making -- 13. The macroeconomic challenge -- References -- Index.

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 behavior of key economic indicators such as employment and real, inflation-adjusted GDP..

* Cobb-Douglas production function * Great Contraction * INUS * Keynesian scenario * Laffer curve * Phillips curve * aggregate demand * aggregate supply * baseline scenario * chain-weight method * classical tradition * 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 * gross national product * income effect * individual equilibrium * interest parity condition * intertemporal elasticity of substitution * labor force participation rate * labor income * 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 labor-force participation * non-accelerating inflation rate of unemployment * output supply multiplier * 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

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full

(Au-PeEL)EBL1840750

(CaONFJC)MIL662051

(CaPaEBR)ebr10991781

(MiAaPQ)EBC1840750

(OCoLC)897846155