Dornbusch, Fischer, and Startz' Macroeconomics has been a leading intermediate macroeconomic theory text since its introduction in 1978. This revision retains most of the text's traditional features, including a middle-of-the-road approach and very current research, while updating and simplifying the exposition. The text is now even easier to teach from. The only prerequisite continues to be principles of economics.
GROWTH AND ACCUMULATION
GROWTH AND POLICY
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adjustment aggregate demand aggregate demand curve aggregate supply curve assets budget deficit business cycle capital stock central bank changes Chapter consume consumption cost countries depreciation dollar domestic economy effect endogenous growth endogenous growth theory equation exchange rate expected inflation exports factors of production Federal Reserve Figure firms fiscal policy foreign full employment GDP deflator government spending growth accounting growth rate growth theory higher important increase inflation rate interest rate Keynesian labor force labor market level of income level of output LM curve long run macroeconomics measure monetary policy money stock money supply natural rate nominal GDP Okun's law payments percent period Phillips curve policymakers population growth potential output price index price level production function rate of unemployment ratio rational expectations real GDP recession reduce rise savings rate schedule shift shows steady-state supply shock targets tion unemployed unemployment rate United workers