Titlebook: Macroeconomics in Ecological Context; Karl Seeley Book 2017 Springer International Publishing AG 2017 Macroeconomics teaching.Natural reso

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978-3-319-84733-7Springer International Publishing AG 2017

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Macroeconomics in Ecological Context978-3-319-51757-5Series ISSN 1389-6954 Series E-ISSN 2542-9531

敌意

The Economy in the Worldnomy is grounded in the physical world. We then consider what distinguishes the . perspective on humans’ use of nature from those of other disciplines, and then what distinguishes macroeconomics from its cousin microeconomics.

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stratum-corneum

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The IS and LM Curvese IS and LM curves and addresses the factors that determine their shape. For each one, a graphical explanation is followed by an algebraic derivation that allows a quantitative description of how far a curve will move in response to a given change in the economy.

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Policy and Shocks in the IS-LM World and external shocks and how they affect output and interest rates. The goal of policy is defined as keeping actual output close to potential output. Depending on the relative slopes of the two curves, we may be able to say that fiscal policy is particularly effective or, with other slopes, that monetary policy is particularly effective.