Macroeconomia : Fluctuations, Inflation and Growth in Closed and Open Economi...

Description: Macroeconomia : Fluctuations, Inflation and Growth in Closed and Open Economies, Paperback by Barbosa, Fernando De Holanda, ISBN 3030063704, ISBN-13 9783030063702, Like New Used, Free shipping in the US 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.

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Original Language: Portuguese

Book Title: Macroeconomic Theory : Fluctuations, Inflation and Growth in Closed and Open Economies

Number of Pages: Xxiv, 456 Pages

Language: English

Publisher: Springer International Publishing A&G

Topic: Economics / Macroeconomics, Public Policy / Economic Policy, Money & Monetary Policy

Item Height: 0.9 in

Publication Year: 2019

Illustrator: Yes

Genre: Political Science, Business & Economics

Item Weight: 24.7 Oz

Item Length: 9.2 in

Author: Fernando De Holanda Barbosa

Item Width: 6.1 in

Format: Trade Paperback