Publisher's Synopsis
"Every edition of The Economy Today has offered a level of currency that no other text has matched. Maintaining that front-page advantage has been particularly important to this edition. First and foremost is the integration of the coronavirus pandemic into the narrative. The pandemic - and the responses to it - changed the behavior and performance of economies around the world. Among other things, the pandemic prompted breathtaking expansions in the scope and magnitude of fiscal and monetary policy options. It also focused more attention on the supply side of the economy, especially the potential for external shocks to shut down production. In micro, we have seen how the pandemic changed both consumer and producer behavior - and wreaked havoc on domestic and international financial markets. The pandemic also changed political priorities, contributing to President Biden's 2020 Election. This edition examines those developments and their
