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,
,MACROECONOMICS
THIRTEENTH EDITION
◆GLOBAL EDITION
MICHAEL PARKIN
University of Western Ontario
Harlow, England • London • New York • Boston • San Francisco • Toronto • Sydney • Dubai • Singapore • Hong Kong
Tokyo • Seoul • Taipei • New Delhi • Cape Town • Sao Paulo • Mexico City • Madrid • Amsterdam • Munich • Paris • Milan
, Vice President, Business, Economics, and UK Courseware: Content Producer: Nancy Freihofer
Donna Battista Content Producer, Global Edition: Isha Sachdeva
Director of Portfolio Management: Adrienne D’Ambrosio Manufacturing Controller, Global Edition: Angela Hawksbee
Portfolio Manager: Ashley Bryan Operations Specialist: Carol Melville
Editorial Assistant: Nicole Nedwidek Design Lead: Kathryn Foot
Associate Acquisitions Editor, Global Edition: Manager, Learning Tools: Brian Surette
Ananya Srivastava Content Developer, Learning Tools: Sarah Peterson
Editor, Global Edition: Paromita Banerjee Managing Producer, Digital Studio and GLP, Media
Editor, Global Edition: Punita Mann Production and Development: Ashley Santora
Assistant Project Editor, Global Edition: Jyotis Elizabeth Jacob Managing Producer, Digital Studio: Diane Lombardo
Vice President, Product Marketing: Roxanne McCarley Digital Studio Producer: Melissa Honig
Senior Product Marketer: Tricia Murphy Digital Studio Producer: Alana Coles
Product Marketing Assistant: Marianela Silvestri Digital Content Team Lead: Noel Lotz
Manager of Field Marketing, Business Publishing: Digital Content Project Lead: Noel Lotz
Adam Goldstein Manager, Media Production, Global Edition: Vikram Kumar
Senior Field Marketing Manager: Carlie Marvel Project Management: Integra Software Services
Vice President, Production and Digital Studio, Arts and Technical Illustrator: Richard Parkin
Business: Etain O'Dea Interior Design: Emily Friel, Integra Software Services
Director of Production, Business: Jeff Holcomb Cover Design: Lumina Datamatics
Managing Producer, Business: Alison Kalil Cover Art: Artistdesign29/Shutterstock
Acknowledgments of third-party content appear on the appropriate page within the text and on page C1, which constitutes an extension of
this copyright page.
PEARSON, ALWAYS LEARNING, and MYLAB are exclusive trademarks owned by Pearson Education, Inc. or its affiliates in the U.S.
and/or other countries.
Pearson Education Limited
KAO Two
KAO Park
Harlow
CM17 9NA
United Kingdom
and Associated Companies throughout the world
Visit us on the World Wide Web at: www.pearsonglobaleditions.com
© Pearson Education Limited 2019
The rights of Michael Parkin, to be identified as the author of this work, have been asserted by him in accordance with the Copyright,
Designs and Patents Act 1988.
Authorized adaptation from the United States edition, entitled Macroeconomics, 13th Edition, ISBN 978-0-13-474445-2 by Michael Parkin, published by
Pearson Education © 2019.
All rights reserved. No part of this publication may be reproduced, stored in a retrieval system, or transmitted in any form or by any means,
electronic, mechanical, photocopying, recording or otherwise, without either the prior written permission of the publisher or a license permitting
restricted copying in the United Kingdom issued by the Copyright Licensing Agency Ltd, Saffron House, 6–10 Kirby Street, London EC1N 8TS.
All trademarks used herein are the property of their respective owners. The use of any trademark in this text does not vest in the author or
publisher any trademark ownership rights in such trademarks, nor does the use of such trademarks imply any affiliation with or endorse-
ment of this book by such owners. For information regarding permissions, request forms, and the appropriate contacts within the Pearson
Education Global Rights and Permissions department, please visit www.pearsoned.com/permissions/.
ISBN 10: 1-292-26348-2
ISBN 13: 978-1-292-26348-9
British Library Cataloguing-in-Publication Data
A catalogue record for this book is available from the British Library
10 9 8 7 6 5 4 3 2 1
Typeset in Times NR MT Pro by Integra Software Services
Printed and bound by Vivar in Malaysia
Edition install download
https://ebookluna.com/product/ebook-pdf-macroeconomics-global-
edition-13th-edition/
Download more ebook instantly today - Get yours now at ebookluna.com
,
,MACROECONOMICS
THIRTEENTH EDITION
◆GLOBAL EDITION
MICHAEL PARKIN
University of Western Ontario
Harlow, England • London • New York • Boston • San Francisco • Toronto • Sydney • Dubai • Singapore • Hong Kong
Tokyo • Seoul • Taipei • New Delhi • Cape Town • Sao Paulo • Mexico City • Madrid • Amsterdam • Munich • Paris • Milan
, Vice President, Business, Economics, and UK Courseware: Content Producer: Nancy Freihofer
Donna Battista Content Producer, Global Edition: Isha Sachdeva
Director of Portfolio Management: Adrienne D’Ambrosio Manufacturing Controller, Global Edition: Angela Hawksbee
Portfolio Manager: Ashley Bryan Operations Specialist: Carol Melville
Editorial Assistant: Nicole Nedwidek Design Lead: Kathryn Foot
Associate Acquisitions Editor, Global Edition: Manager, Learning Tools: Brian Surette
Ananya Srivastava Content Developer, Learning Tools: Sarah Peterson
Editor, Global Edition: Paromita Banerjee Managing Producer, Digital Studio and GLP, Media
Editor, Global Edition: Punita Mann Production and Development: Ashley Santora
Assistant Project Editor, Global Edition: Jyotis Elizabeth Jacob Managing Producer, Digital Studio: Diane Lombardo
Vice President, Product Marketing: Roxanne McCarley Digital Studio Producer: Melissa Honig
Senior Product Marketer: Tricia Murphy Digital Studio Producer: Alana Coles
Product Marketing Assistant: Marianela Silvestri Digital Content Team Lead: Noel Lotz
Manager of Field Marketing, Business Publishing: Digital Content Project Lead: Noel Lotz
Adam Goldstein Manager, Media Production, Global Edition: Vikram Kumar
Senior Field Marketing Manager: Carlie Marvel Project Management: Integra Software Services
Vice President, Production and Digital Studio, Arts and Technical Illustrator: Richard Parkin
Business: Etain O'Dea Interior Design: Emily Friel, Integra Software Services
Director of Production, Business: Jeff Holcomb Cover Design: Lumina Datamatics
Managing Producer, Business: Alison Kalil Cover Art: Artistdesign29/Shutterstock
Acknowledgments of third-party content appear on the appropriate page within the text and on page C1, which constitutes an extension of
this copyright page.
PEARSON, ALWAYS LEARNING, and MYLAB are exclusive trademarks owned by Pearson Education, Inc. or its affiliates in the U.S.
and/or other countries.
Pearson Education Limited
KAO Two
KAO Park
Harlow
CM17 9NA
United Kingdom
and Associated Companies throughout the world
Visit us on the World Wide Web at: www.pearsonglobaleditions.com
© Pearson Education Limited 2019
The rights of Michael Parkin, to be identified as the author of this work, have been asserted by him in accordance with the Copyright,
Designs and Patents Act 1988.
Authorized adaptation from the United States edition, entitled Macroeconomics, 13th Edition, ISBN 978-0-13-474445-2 by Michael Parkin, published by
Pearson Education © 2019.
All rights reserved. No part of this publication may be reproduced, stored in a retrieval system, or transmitted in any form or by any means,
electronic, mechanical, photocopying, recording or otherwise, without either the prior written permission of the publisher or a license permitting
restricted copying in the United Kingdom issued by the Copyright Licensing Agency Ltd, Saffron House, 6–10 Kirby Street, London EC1N 8TS.
All trademarks used herein are the property of their respective owners. The use of any trademark in this text does not vest in the author or
publisher any trademark ownership rights in such trademarks, nor does the use of such trademarks imply any affiliation with or endorse-
ment of this book by such owners. For information regarding permissions, request forms, and the appropriate contacts within the Pearson
Education Global Rights and Permissions department, please visit www.pearsoned.com/permissions/.
ISBN 10: 1-292-26348-2
ISBN 13: 978-1-292-26348-9
British Library Cataloguing-in-Publication Data
A catalogue record for this book is available from the British Library
10 9 8 7 6 5 4 3 2 1
Typeset in Times NR MT Pro by Integra Software Services
Printed and bound by Vivar in Malaysia
