Principles of Macroeconomics

Macroeconomics explores the performance and behaviors of a free-market economy; specifically output, income, and employment and how forces act to shape these factors and determine their fluctuations. Government fiscal and monetary roles as well as the impact of international transactions on the domestic economy are studied. Balance is drawn between theory, analysis, and a critique of the institutions that characterize modern mixed-capitalist economies. Conflicting social goals and economic constraints provide the framework through which the macroeconomy is analyzed.

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