This book explains how the economy works from a macroeconomic viewpoint. The circular flow diagram is developed to include Government and the foreign sector. The factors that affect the money supply in circulation, the income multiplier, the credit multiplier and the Government control of the banking sector are explained fully. Numerous examples, questions and answers are included. Government’s ability to use fiscal or monetary policy to manipulate the economy and the effects of these are explained particularly in relation to demand pull and cost push inflation. The state of the economy is related to short run and long run equilibrium. Graphs depict the situations along with clear explanation of what the natural level of employment and the price level mean. Analysis of excess demand and rising costs leads to an assessment of what is actually required to get real growth per capita. This includes comparative advantage from trade.
ISBN: 9780473676841
Publication date: 01/03/2023
Price: $25.00
RRP: $25.00
Format: Paperback
Available stock: 1
Publishing status: Active
Author: Mulligan, Julius
Imprint: Copy Press
