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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: 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
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