Taking a quantity theory of money approach to the study of intermediate macroeconomic theory, this text encompasses new and emerging developments and theories in the field: monetarism, the New Classicals, supply side economics, the Austrians. It also examines the political economy of macroeconomics - deficits, fiscal policy, monetary policy, and inflation, and offers coverage of the monetary approach to international economic adjustment. The text contains a built-in student study guide.
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