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Macroeconomic Theory PDF
By:Fernando de Holanda Barbosa
Published on 2018-09-17 by Springer

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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.

This Book was ranked at 34 by Google Books for keyword Macroeconomics.

Book ID of Macroeconomic Theory's Books is 3hVRtgEACAAJ, Book which was written byFernando de Holanda Barbosahave ETAG "xqDNtTD2g8c"

Book which was published by Springer since 2018-09-17 have ISBNs, ISBN 13 Code is 9783319921310 and ISBN 10 Code is 3319921312

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