Kniha Macroeconomic Theory Fernando De Holanda Barbosa

Macroeconomic Theory

Fluctuations, Inflation and Growth in Closed and Open Economies

Jazyk: Angličtina
Vazba: Pevná
Dostupnost: 50 % šance
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Macroeconomics is the application of economic theory to the study of the economy's growth, cycle and...

Informace o knize

Jazyk
Angličtina
Vazba
Kniha - Pevná
Vydáno
2018
Stránek
456
EAN
9783319921310
ISBN
3319921312
Enbook ID
19381910
Hmotnost
832
Rozměry
241 x 162 x 34

Kompletní popis

Macroeconomics is the application of economic theory to the study of the economy's growth, cycle and price-level determination. Macroeconomics takes account of stylized facts observed in the real world and builds theoretical frameworks to explain such facts. Economic growth is a stylized fact of market economies, since England's nineteenth-century industrial revolution. Until then, poverty was a common good for humanity. Economic growth consists in the persistent, smooth and sustained increase of per-capita income. A market economy shows periods of expanding and contracting economic activity. This phenomenon is the economic cycle. The price of money is the amount of goods bought with one unit of money, in other words, the inverse of the price level. Determination of the price level, or the value of money, is a fascinating subject in a fiat money economy.

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