Principles of Macroeconomics
This text conveys the principles of macroeconomics in a superb conversational style that engages students in the material unlike any other text. By appealing to students' interests and language; using familiar stories, illustrations, and scenarios and a direct-to-student writing style; and a narrative built on questions, the distance is lessened between the student and the unfamiliar concepts of economics. The book also maintains a focus on presenting basic concepts in depth and developing economics analysis step-by-step, rather than covering hundreds of topics superficially. With this book, students are discouraged from simply memorizing facts, and are engaged in active learning.
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THE BASICS OF ECONOMIC ANALYSIS
The Feds Alternative
EXCHANGE RATES BALANCE
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aggregate demand aggregate demand curve aggregate expenditure aggregate supply aggregate supply curve assets borrow budget bushel business cycle capital Chapter CHECK YOUR UNDERSTANDING consumption spending corn countercyclical create currency debt decrease deficit demand and supply demand deposits economic growth economists economy economy's equilibrium level equilibrium price example exchange rate exports fall Fed's firms fiscal policy fish foreign exchange market free trade full employment GOTTHEIL government spending graph higher imports income multiplier income tax intended investment interest rate Keynesian labor LDCs less level of national loans marginal propensity ment monetary money supply NAIRU national income opportunity cost panel payments percent Phillips curve price level problem produce production possibilities curve quantity demanded quantity supplied rate of inflation rate of unemployment real GDP recessionary gap saving sell shift supply curve Suppose tariff tion U.S. dollars United workers yaps