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Macroeconomics is widely praised for its ability to present theory as a way of evaluating key macro questions, such as why some countries are rich and others are poor. Students have a natural interest in what is happening today and what will happen in the near future. Macroeconomics capitalizes on their interest by beginning with business cycles and monetary-fiscal policy in both closed and open economy. After that, Gordon presents a unique dynamic analysis of demand and supply shocks as causes of inflation and unemployment, followed by a dual approach to economic growth in which theory and real-world examples are used to compare rich and poor countries.
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Macroeconomics - Fifth Edition, Robert James Gordon
- Language
- Released
- 1990
- product-detail.submit-box.info.binding
- (Hardcover)
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- Language
- English
- Authors
- Robert James Gordon
- Publisher
- Scott Foresman/Addison-Wesley
- Released
- 1990
- Format
- Hardcover
- Pages
- 704
- ISBN10
- 0673520528
- ISBN13
- 9780673520524
- Series
- Description
- Macroeconomics is widely praised for its ability to present theory as a way of evaluating key macro questions, such as why some countries are rich and others are poor. Students have a natural interest in what is happening today and what will happen in the near future. Macroeconomics capitalizes on their interest by beginning with business cycles and monetary-fiscal policy in both closed and open economy. After that, Gordon presents a unique dynamic analysis of demand and supply shocks as causes of inflation and unemployment, followed by a dual approach to economic growth in which theory and real-world examples are used to compare rich and poor countries.