Macroeconomics

This document is the introductory chapter of a macroeconomics textbook that defines the field as the study of long-run economic growth and short-run business cycles, explaining its division into two distinct analytical frameworks: one for the long run, which assumes full price flexibility and focuses on supply-side determinants like capital accumulation and structural factors (e.g., the natural rate of unemployment), and another for the short run, which relies on nominal rigidities, exogenous sh...

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Test Bank for Macroeconomics 5th Edition Charles I Jones | 9780393417326 | All Chapters Covered with Answers and Rationales

A complete and comprehensive study material compiled from my undergraduate study of macroeconomics, examining basic macroeconomics knowledge for general undergraduate and graduate economics students. Friendly for review and beginners alike.

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