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Exam (elaborations)
Macroeconomics+(Third+Edition)+-+Charles+I.+Jones
ECON110A
ECON110A
PREFACE TO THE THIRD EDITION T he macroeconomic events of the last several years are truly breathtaking — a once-in-alifetime (we hope) occurrence. While the basics of how economists understand the macroeconomy remain solid, the global financial crisis and the Great Recession take us into waters that, if not uncharted, at least haven’t been visited in recent decades. The remarkable collapse in housing prices, the large rise in the financial risk premium, the massive expansion of the ...
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