Macroeconomics and Monetary Theory

by Harry G. Johnson

Book Overview

Macroeconomics is an outgrowth from the main stream of classical monetary theory following Keynes. Keynes changed the emphasis from determination of the level of money prices to determination of the level of output and employment. He also changed the key relationship from demand and supply of money as determining the price level to the relationship between consumption expenditure and income, in conjunction with private investment expenditure, as determining...

• Format: Hardcover
• Language: English
• ISBN: 0202060535
• ISBN13: 9780202060538
• Release Date: January 1972
• Publisher: Aldine Transaction
• Length: 213 Pages
• Weight: 0.80 lbs.
• Dimensions: 0.7" x 6.4" x 9.5"