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Book Description Paperback. Condition: new. New. Seller Inventory # Wizard0815764790
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Book Description Paperback or Softback. Condition: New. Prices and Quantities: A Macroeconomic Analysis 1.23. Book. Seller Inventory # BBS-9780815764793
Book Description Softcover. Condition: New. First Edition. During the past decade Arthur M. Okun, like many economists, focused attention on finding ways to fight inflation without sacrificing goals of high employment and prosperity. In recent years the economy has been plagued by stagflationthe simultaneous persistence of high inflation and high unemployment. Traditional methods of aggregate demand management that have been reasonably successful in curing either one or the other of these problems have not been effective, and the nation has not been able to contain inflation even in periods of economic slack. It now seems clear that the economists traditional model that presumes short-run flexibility in wages and prices no longer holds for most of the industrial world, and hence the response of inflation to shifts in macroeconomic policy is weak. In this volume Okun seeks to explain that loss of responsiveness by analyzing how modern labor and product markets work and how they are structured. A central feature of Okuns analysis is implicit contract theory, which recognizes that efficiency-maximizing decisions by business firms reflect long-term considerations as well as short-term changes in markets. His interpretation of microeconomic behavior and macroeconomic performance provides a basis for the design of policies to deal with stagflation. Seller Inventory # DADAX0815764790
Book Description Soft Cover. Condition: new. This item is printed on demand. Seller Inventory # 9780815764793
Book Description Condition: New. Buy with confidence! Book is in new, never-used condition. Seller Inventory # bk0815764790xvz189zvxnew
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Book Description Condition: New. pp. 367. Seller Inventory # 2698573051
Book Description Paperback. Condition: New. Seller Inventory # Abebooks271817