A text on basic concepts of macroeconomics, long-run and short-run macroeconomics, money and prices and the macroeconomy, and macroeconomic policy. A final chapter on the stock market and the macroeconomy combines all theory presented. Material is presented in a framework of four "key steps" to understanding the economy, consisting of characterizing markets, identifying goals, finding equilibrium, and changes in market equilibrium. Learning features include chapter summaries, key terms, review questions, problems, exercises, Internet activities, and challenge questions. Hall teaches economics at Stanford University. Lieberman teaches economics at New York University. Annotation c. Book News, Inc., Portland, OR (booknews.com)
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A text on basic concepts of macroeconomics, long-run and short-run macroeconomics, money and prices and the macroeconomy, and macroeconomic policy. A final chapter on the stock market and the macroeconomy combines all theory presented. Material is presented in a framework of four "key steps" to understanding the economy, consisting of characterizin
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