Why have some countries experienced rapid growth in incomes over the past century while others stay mired in poverty? Why do some countries have high rates of inflation while others maintain stable prices? Why do all countries experience recessions and depressions recurrent periods of falling incomes and rising unemployment and how can government policy reduce the frequency and severity of these episodes? Macroeconomics, the study of the economy as a whole, attempts to answer these and many related questions. To appreciate the importance of macroeconomics, you need only read the newspaper or listen to the news. Every day you can see headlines such as INCOME GROWTH REBOUNDS, FED MOVES TO COMBAT INFLATION, or STOCKS FALL AMID RECESSION FEARS. These macroeconomic events may seem abstract, but they touch all of our lives. [download]
Format : Ebook.Pdf
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