This text provides a comprehensive analysis of contemporary macroeconomics, within a European and global context. The authors balance the theoretical aspects with up-to-date policy examples throughout, allowing the reader to relate the concepts to their own economic environment.Exchange rates can be quoted in either of two ways. ... They dona#39;t say anything about how much one can buy with each money, that is, real goods and services. ... This tells us that in dollars, the Berlin haircut costs $30, less than in New York.
|Title||:||Macroeconomics: A European Text|
|Author||:||Michael Burda, Charles Wyplosz|
|Publisher||:||Oxford University Press - 2012-11-15|