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OverviewThis book, produced in two volumes, takes an integrative approach to the study of macroeconomics. In that respect, the book brings the different strands of macroeconomics together into a single approach under which economic agents strive to make rational choices but, while doing so, sometimes misconstrue the data available to them. The result is imbalances between aggregate supply and aggregate demand that can cause economic contractions. These imbalances may be self-correcting, or they may become long-lived and require government intervention through the exercise of corrective monetary and fiscal policy. Volume I examines economic behavior on the assumption that economic agents correctly interpret the data before them. It thus takes a “micro foundations” approach, under which aggregate supply equals aggregate demand. Volume II allows for the possibility of myopia on the part of economic agents and for the resulting economic malperformance that can result from this myopia. It examines the short-run disparities between aggregate supply and aggregate demand that can result from ill-informed choices of individual economic agents or from a misdiagnosis of economic data by policy makers. It concludes with a review of recent U.S. economic policy. The book aims to correct a good number of misconceptions that bedevil economic policymaking—among them the idea that protracted economic contractions necessarily call for increased government spending and lower taxes. It challenges the common understanding that government deficits raise interest rates and “crowd out” private investment. Full Product DetailsAuthor: David G. TuerckPublisher: Business Expert Press Imprint: Business Expert Press Edition: 2nd Revised edition Dimensions: Width: 15.20cm , Height: 1.00cm , Length: 22.90cm Weight: 0.263kg ISBN: 9781947098763ISBN 10: 1947098764 Pages: 190 Publication Date: 30 September 2018 Audience: Professional and scholarly , Professional & Vocational Format: Paperback Publisher's Status: Active Availability: Temporarily unavailable  The supplier advises that this item is temporarily unavailable. It will be ordered for you and placed on backorder. Once it does come back in stock, we will ship it out to you. Table of ContentsReviewsAuthor InformationDavid G. Tuerck is professor of economics at Suffolk University in Boston and president of the Beacon Hill Institute for Public Policy Research. He has held a variety of academic, consulting, and research positions. His fields of study are public finance and macroeconomics. He has published several books and articles, made dozens of television and radio appearances, published numerous opinion editorials and testified, on three occasions, before the U.S. Congress, as well before several state legislatures. Tab Content 6Author Website:Countries AvailableAll regions |
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