Macroeconomics, 2nd Edition by Pearson

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PREFACE

Part II: Aggregate Markets in Macroeconomics

Part II examines how choices are made, given the opportunities available in each of

the aggregate markets. Having introduced readers to some of the major terms in mac-

roeconomics in Part I, Part II develops a conceptual framework that provides them

with insights into the determinants of the aggregate measures central to macroeco-

nomics. Chapters 3 to 7 deal with the foundations of macroeconomics, and are, thus,

the building blocks of the subject.

In macroeconomics, the expenditure on goods is partitioned into expenditure by

individuals on consumption and expenditure by businesses ...