The Goods Market in an Open Economy Chapter 19. © 2013 Pearson Education, Inc. All rights reserved.19-2 19-1 The IS Relation in the Open Economy In a.
MACROECONOMICS THE STUDY OF THE ECONOMY AS A WHOLE.
What is Keynesian Economics?. A business cycle In a normal business cycle, periods of expansion (prosperity) are followed by periods of contraction (recession).
United States History
