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ISBN-10 013801504XISBN-13 9780138015046
ISBN-10 0138014914ISBN-13 9780138014919
Author(s): Robert J. Gordon
Publisher: Prentice Hall
Copyright year: © 2012 Pages: 672

Macroeconomics is widely praised for its ability to present theory as a way of evaluating key macro questions, such as why some countries are rich and others are poor. Students have a natural interest in what is happening today and what will happen in the near future. Macroeconomics capitalizes on their interest by beginning with business cycles and monetary-fiscal policy in both closed and open economy. After that, Gordon presents a unique dynamic analysis of demand and supply shocks as causes of inflation and unemployment, followed by a dual approach to economic growth in which theory and real-world examples are used to compare rich and poor countries. Note that MyEconLab is not included with purchase of the CourseSmart eTextbook.