How Long to Read Macroeconomics and Monetary Theory

How Long Does it Take to Read Macroeconomics and Monetary Theory?

It takes the average reader 3 hours and 35 minutes to read Macroeconomics and Monetary Theory by Harry G. Johnson

Assuming a reading speed of 250 words per minute. Learn more

Description

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 the level of output and therefore employment demanded. The income multiplier replaced the velocity of circulation as the key concept of monetary theory. The tendency of the past twenty-five years has been to reintegrate Keynesian and classical monetary theory into one general system of analysis. Moreover, as inflation has succeeded mass unemployment as a major policy problem, interest in classical monetary theory has revived, while Keynesians have increasingly' emphasized the monetary aspects of Keynesian theory. The proper contemporary distinction is not between two separate branches of economic theory, but between two areas of application or contexts of the theory of rational maximizing behavior. In the one (the microeconomic) context, it is assumed either that the overall workings of the economic system can be disregarded, or that the macroeconomic relationships are in full general equilibrium. In the other (the macroeconomic) context, it is assumed that the maximizing decisions of individual economic units (firms and households) will not necessarily add up to a macroeconomic equilibrium, but will produce a disequilibrium situation that will in the course of time produce changes in the individual decisions.

How long is Macroeconomics and Monetary Theory?

Macroeconomics and Monetary Theory by Harry G. Johnson is 213 pages long, and a total of 53,889 words.

This makes it 72% the length of the average book. It also has 66% more words than the average book.

How Long Does it Take to Read Macroeconomics and Monetary Theory Aloud?

The average oral reading speed is 183 words per minute. This means it takes 4 hours and 54 minutes to read Macroeconomics and Monetary Theory aloud.

What Reading Level is Macroeconomics and Monetary Theory?

Macroeconomics and Monetary Theory is suitable for students ages 12 and up.

Note that there may be other factors that effect this rating besides length that are not factored in on this page. This may include things like complex language or sensitive topics not suitable for students of certain ages.

When deciding what to show young students always use your best judgement and consult a professional.

Where Can I Buy Macroeconomics and Monetary Theory?

Macroeconomics and Monetary Theory by Harry G. Johnson is sold by several retailers and bookshops. However, Read Time works with Amazon to provide an easier way to purchase books.

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