Macroeconomic Impact on Business Operations
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Title: Macroeconomic Impact on Business Operations

Essay Details:

Subject: Book Reports
Author: Mary M
Date: February 23, 2016
Level: University
Grade: A
Length: 6 / 1570

Essay text:

With many combinations of monetary policy, the paper covers the optimal balance between economic growth, low inflation, and a reasonable rate of unemployment. Money is any object that functions as a means of exchange that society accepts social and legal payment for goods and services and in settlement of debts. Ludwig von Mises (1953) looks at the nature and value of money, and its effect on determining monetary policy. Included is his regression theorem, which tries to explain why money demands are its own right, as moneys at first glance do not serve a consumable need. Mises explained that moneys only could come about after there was a demand for the money commodity in a barter economy (pg...

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