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Synopsis
Macroeconomics encompasses a variety of concepts and variables, but three are central topics for macroeconomic research. Macro- economic theories usually relate the phenom- ena of output, unemployment, and inflation. Macroeconomic output is usually measured by Gross Domestic Product (GDP) or one of the other national accounts.The book seeks to give students a thorough understanding of some fundamental facts in macroeconomics and to introduce them to methods of formal macroeconomics analysis, without requiring too many technical skills.
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Principles Of Macroeconomics
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