Macroeconomics: Principles, Problems, and Policies
McConnell-Brue's Principles of Macroeconomics, 15e is the best-selling textbook and has been teaching students in a clear, unbiased way for 40 years. The 14th edition grew market share because of its clear and careful treatment of principles of macroeconomics concepts, its balanced coverage, and its patient explanations. More students have learned their principles of Macroeconomics from McConnell-Brue than any other text12 million of them. The 15th edition is a substantial revision that delivers a tighter, modern, Internet-savvy book.
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$5 billion AD-AS model aggregate demand aggregate demand curve aggregate expenditures aggregate supply aggregate supply curve amount assets bonds budget buyers capital cause checkable deposits commercial banks consumer consumption corporate crease currency decline decrease deficit demand curve demand-pull inflation determine disposable income dollar DVCs economic growth economists economy's effect efficiency equilibrium GDP equilibrium price example excess reserves exchange rates Federal Reserve Banks Figure firms fiscal policy foreign full-employment graph higher households imports increase industry investment spending Key Question labor level of GDP loans mand marginal market system ment money supply multiplier national income nomic nominal GDP opportunity cost percent Phillips Curve price level production possibilities curve profit purchases quantity demanded quantity supplied real GDP real output recession reduce relationship rise robots sell slope sumers supply curve surplus Table tariffs tax revenues tion U.S. exports unemployment rate vertical workers