Macroeconomics : private and public choice

Abstract

The new edition reflects current economic conditions, helping students apply economic principles to the world around them. You'll find analysis and explanation of measures of economic activity applied to today's markets and highlighting the recession of 2008-2009, plus text on the lives and contributions of notable economists. Common economic myths are dispelled, and the "invisible hand" metaphor is applied to economic theory, demonstrating how it works to stimulate the economy.