Brief Principles of Macroeconomics
When the Mankiw text was first published, The Economist wrote, "Mr. Mankiw's book sets a new standard of clarity and liveliness." USA Today called it "a grand success." Since then, the book has been translated into more than a dozen languages and has been used at hundreds of schools to introduce economics to hundreds of thousands of students around the world. South-Western is now pleased to bring you this third edition. To help you in your study, South-Western has prepared a variety of student resources to accompany the book. These supplements test your understanding and provide you with opportunities for practice and research in economics. Book jacket.
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adjusts aggregate demand aggregate-supply curve amount balance bank benefits billion bonds budget called capital capital outflow cause chapter comparative consider consumer cost countries currency decisions deficit demand curve deposits determine discussed dollar domestic economists economy economy's effect equilibrium example exchange rate expected Explain exports fall Federal Figure firms foreign future give given growth higher hold households important income increase inflation inflation rate interest interest rate investment labor less living loanable funds long-run lower measure monetary policy money supply natural nominal output percent person Phillips curve policymakers price level problem production purchases quantity raises real GDP reduce reserves result rises saving sell shifts short-run shows spending Suppose theory trade unemployment United variables wages workers