Macroeconomics, Second Edition, Volume I

Description: Please refer to the section BELOW (and NOT ABOVE) this line for the product details - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - Title:Macroeconomics, Second Edition, Volume IISBN13:9781947098763ISBN10:1947098764Author:Tuerck, David G. (Author)Description:More Than Seven Years Since The End Of The Great Recession, The United States Has Come To Display What Appears To Be A Fixed Pattern Of Subnormal Economic Growth Whereas Economic Growth Was Previously In The 3 Percent Range, It Now Hovers Around 1 5 Percent Over Time This Translates Into A Huge Decline In Economic Welfare At This Writing, The Gap In Real Gross Domestic Product Is About A Trillion Dollars The Gap In The U S Capital Stock Is About 8 Trillion Dollars There Are Three Ways To Interpret This State Of Affairs: (1) That The Slower Growth Rate Is A New Normal That Americans Will Just Have To Get Used To, (2) That The Cure Lies In Maintaining Low Interest Rates And In Ramping Up Government Spending, And (3) That The Cure Lies In Untaxing People's Incentives To Save, Invest And Work And In Deregulating The Economy This Book Makes An Argument For (3) Once The Country Reduces The Tax On Business Profits, Along With Safety Net Regulations That Discourage People From Entering The Labor Force And Once It Abandons Regulations That Stifle Innovation And Production, The Country Will See A Return To What Was Once The Normal, Which Is To Say A Growth Rate Closer To 3 Percent Binding:Paperback, PaperbackPublisher:CAB INTLPublication Date:2018-09-28Weight:0.58 lbsDimensions:0.41'' H x 9'' L x 6'' WNumber of Pages:150Language:English

Price: 19.89 USD

Location: USA

End Time: 2025-01-04T07:48:20.000Z

Shipping Cost: 0 USD