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###-Book Description Begin-###
By: John B. Taylor and Akila Weerapana
Version: 8.0
Published: July 2017
Page Count: 722
ISBN: 978-1-4533-8450-3
This textbook is suitable for the following courses: Introductory Economics and Principles of Economics.
Now published by FlatWorld at an affordable price in print and digital formats suited to today’s students.
Incorporates discussion of new monetary developments since 2011, including QE3, taper, raising of interest rates and the move to negative interest rates in some countries.
Covers the debate about whether the Fed is unwinding its extraordinary policy measures at an appropriate pace, as well as whether the fiscal policy measures implemented in the 2008/9 recession worked, based on academic studies.
Discusses labor market developments, including the fall in unemployment rates, slow improvement in the employment to population ratios, and the falling labor force participation rate for men.
Expands the discussion of productivity slowdown, including Robert Gordon’s claim that economic headwinds will keep U.S. productivity growth low in the foreseeable future.
