Economics: Principles and Policy remains a proven leader in the world of economics. Since introducing the aggregate supply/aggregate demand model as a fundamental tool for learning economics over two decades ago, William J. Baumol and Alan S. Blinder continue to equip students with the knowledge and tools they need to apply modern economics to their world--now and in the future. This is all the more true today, as the U.S. economy enters its first recession in more than a decade.
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Synopsis:
This introductory textbook discusses macroeconomic theory and policy, the state's role in the economy, fiscal and monetary policy, and the place of the United States in the world economy, as well as basic concepts like scarcity, choice, supply and demand, competition and monopoly, and income distribution. A companion CD-ROM contains practice tests,
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