What people are saying - Write a review
We haven't found any reviews in the usual places.
A Tour of the Book
PART TWO THE BASICS
Indicates an optional section or chapter
28 other sections not shown
Other editions - View all
adjust aggregate demand aggregate supply assumption average billion bonds budget deficit central bank Chapter checkable deposits consumers consumption countries crease decrease deficit reduction demand for money devaluation disinflation disposable income dollar domestic economists economy effects equation equilibrium example expected future expected inflation exports Figure financial markets firms fixed exchange rates foreign GDP deflator German given government spending growth rate higher implies increase in output inflation rate investment IS-LM model level of output LM curve long run look lower macroeconomic ment monetary policy money supply natural level natural rate nominal interest rate nominal money nominal money growth one-year output growth payments percent Phillips curve present value price level production profits rate of unemployment ratio real exchange rate real interest rate real wage recession saving rate shift short run stock prices Suppose taxes technological progress tion trade balance trade deficit unem unemployed unemployment rate United variables