Bundle: Principles of Macroeconomics, L...7th EditionN. Gregory Mankiw Publisher: Cengage LearningISBN: 9781305135420
Bundle: Principles of Macroeconomics, L...
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Chapter 1 - Ten Principles Of EconomicsChapter 1.1 - How People Make DecisionsChapter 1.2 - How People InteractChapter 1.3 - How The Economy As A Whole WorksChapter 2 - Thinking Like An EconomistChapter 2.1 - The Economist As ScientistChapter 2.2 - The Economist As Policy AdviserChapter 3 - Interdependence And The Gains From TradeChapter 3.1 - A Parable For The Modern EconomyChapter 3.2 - Comparative Advantage: The Driving Force Of Specilization
Chapter 3.3 - Applications Of Comparative AdvantageChapter 4 - The Market Forces Of Supply And DemandChapter 4.1 - Markets And CompetitionChapter 4.2 - DemandChapter 4.3 - SupplyChapter 4.4 - Supply And Demand TogetherChapter 5 - Elastic And Its ApplicationChapter 5.1 - The Elasticity Of DemandChapter 5.2 - The Elasticity Of SupplyChapter 5.3 - Three Applications Of Supply, Demand, And ElasticityChapter 6 - Supply, Demand And Government PoliciesChapter 6.1 - Controls On PricesChapter 6.2 - TaxesChapter 7 - Consumers, Producers, And The Efficiency Of MarketsChapter 7.1 - Consumer SurplusChapter 7.2 - Producer SurplusChapter 7.3 - Market EfficiencyChapter 8 - Application: The Cost Of TaxationChapter 8.1 - The Oeadweight Loss Of TaxationChapter 8.2 - The Oeterminants Of The Oeadweight LossChapter 8.3 - Deadweight Loss And Tax Revenue As Taxes VaryChapter 9 - Application: International TradeChapter 9.1 - The Determinants Of TradeChapter 9.2 - The Winners And Losers From TradeChapter 9.3 - The Arguments For Restricting TradeChapter 10 - Measuring A Nation's IncomeChapter 10.1 - The Economy's Income And ExpenditureChapter 10.2 - The Measurement Of GopChapter 10.3 - The Components Of GopChapter 10.4 - Real Versus Nominal GopChapter 10.5 - Is Gop A Good Measure Of Economic Weli·Beina?Chapter 11 - Measuring The Cost Of LivingChapter 11.1 - The Consumer Price IndexChapter 11.2 - Correcting Economic Variables For th-e Effects Of InflationChapter 12 - Production And GrowthChapter 12.1 - Economic Growth Around The WorldChapter 12.2 - Productivity: Its Role And DeterminantsChapter 12.3 - Economic: Growth And Public PolicyChapter 13 - Savings,Investment And The Financial SystemChapter 13.1 - Financial Institutions In The U.S. EconomyChapter 13.2 - Saving And Investment In The National Income AccountsChapter 13.3 - The Market For Loanable FundChapter 14 - The Basic Tools Of FinanceChapter 14.1 - Present Value: Measuring The Time Value Of MoneyChapter 14.2 - Mana£in£ RiskChapter 14.3 - Asset ValuationChapter 15 - UnemploymentChapter 15.1 - Ldentifyinr UnemploymentChapter 15.2 - Job SearchChapter 15.3 - Minimum-Wage LawsChapter 15.4 - Unions And Collective BargainingChapter 15.5 - The Theory Of Efficiency WagesChapter 16 - The Monetary SystemChapter 16.1 - The Meaning Of MoneyChapter 16.2 - The Federal Reserve SystemChapter 16.4 - The Fed's Tools Of Monetary ControlChapter 17 - Money Growth And IntlationChapter 17.1 - The Classical Theory Of InflationChapter 17.2 - The Costs Of InflationChapter 18 - Open-Economy Macroeconomics: Basic ConceptsChapter 18.1 - The Lntemational Flows Of Goods And CapitalChapter 18.2 - The Price For International transaction: Real And Nominal Exchange RateChapter 18.3 - A First Theory Of ExchanR:e-Rate Determination: Purchasing Power ParityChapter 19 - A Macroeconomic Theory Of The Open EconomyChapter 19.1 - Supply And Demand For Loanable Funds And For foreign· Currency ExchangerChapter 19.2 - Eouilibrium In The Ooen EconomyChapter 19.3 - How Policies And Events Affect An Open EconomyChapter 20 - Aggregate Demand And Aggregate SupplyChapter 20.1 - Three Kev Facts About Economic FluctuationsChapter 20.2 - Explaining Short·Run Economic FluctuationsChapter 20.3 - The Aggregate Demand CurveChapter 20.4 - The Aggtegate-Supply CurveChapter 20.5 - Two Causes Of Economic FluctuationsChapter 21 - The Influence Of Monetary And Fiscal Policy On Aggregate DemandChapter 21.1 - How Monetary Policy Influences Aggregate DemandChapter 21.2 - How Fiscal Policy Influences Aggregate DemandChapter 21.3 - Using Policy To Stabilize The EconomyChapter 22 - The Short-Run Trade-off Between Inflation And UnemploymentChapter 22.1 - The Phillips CurveChapter 22.2 - Shift In The Philips curve: The Role Of ExpectationsChapter 22.3 - Shifts In The Phillips Curve: The Role Of Supply ShocksChapter 22.4 - The Cost Of Reducing InflationChapter 23 - Six Debates Over Macroeconomic PolicyChapter 23.1 - Should Monetary And Fiscal Policymakers Try To Stabilize The Economy?Chapter 23.2 - Should The Government Fight Recessions With Spending Hikes Rather Than Tax Cuts?Chapter 23.3 - Should Monetary Policy 8e Made By Rule Rather Than By Discretion?Chapter 23.4 - Should The Central Bank Aim For Zero InflationChapter 23.5 - Should The Government Balance Its Budget?Chapter 23.6 - Should The Tax Laws Be Reformed To Encourage Saving?
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Explanation: A few of the important trade-offs faced in real life are given below: Trade-off between...Explanation: The subject economics is a science. This is because economics is based on scientific...Explanation: The production possibilities frontier will be linear, if the opportunity cost of...Explanation: Number of workers required to produce one unit of goods can be calculated using the...Explanation: Figure -1 illustrates production possibility frontier. Figure 1 shows the production...Explanation: A competitive market refers to a market where there are many buyers and many sellers of...Chapter 4, Problem 3PAExplanation: Price elasticity of demand which is computed as the percentage change in quantity...Chapter 5, Problem 6PA
Explanation: The price controls are the government-controlled price mechanisms. The maximum and the...Explanation: The consumer surplus is the difference between the maximum willing to pay price by the...Explanation: We have seen the demand schedule and the supply schedule of the consumer and the...Explanation: When the cost of producing computers falls, the supply of the computers in the economy...Explanation: The tax is the unilateral payment from the people to the government. Tax is the main...Explanation: The equilibrium price and the quantity are determined at the interaction of the demand...Explanation: The international trade is the exchange of goods and services between different nations...Demand curve: The demand equation is QD=8−p indicates that the consumer maximum willing price is $8...When the technological advancement in production reduces the world price of televisions, the impact...Explanation: GDP is the summation of money value of all the goods and services that are produced by...Explanation: The GDP is the summation of the monetary value of all the goods and services produced...Explanation: The GDP is the summation of the money value of all the goods and services produced...Explanation: A 10% increase in the price of chicken has a greater effect on the CPI because chicken...Explanation: The percentage change in price of the good is calculated by using the following...Explanation: Cost of market for the basket can be calculated by using the following formula. Cost of...Explanation: The level of a nation’s GDP measures both the total income earned by the nation and the...The system that allows the exchange of funds between the different sectors of the economy such as...Explanation: Investment is an asset or an item purchased today in the hope that it will generate...Explanation: The present value of $200 can be calculated as follows: Present value=Future...Explanation: The utility function is W12 . Since the power function is less than one, the marginal...Explanation: Measuring unemployment is done by BLS (Bureau of Labor Statistics), which is a part of...Explanation: Money is anything which is accepted as payment to the goods and services from a market....Explanation: The Federal Reserve is the central bank of the US economy, and it is usually known as...Explanation: A rise in the price level lowers the real value of money. This is because people will...Explanation: Before the tax real interest rate is calculated using the formula: Real interest...Explanation: The net export is the difference between the value of a country’s export and the value...Explanation: The foreign exchange market is the place of market where the participants are able to...Explanation: During the period of a recession, the economy will face the leftward shift in the...Explanation: The supply depends upon the price level in the economy. When the price level is higher,...Explanation: The supply is dependent upon the price level in the economy. When the price level is...Explanation: Keynes in his classic book “The General Theory of Employment, Interest, and Money”,...Explanation: Figure 1 shows the short-run Phillips curve. In Figure 1, the vertical axis measures...Explanation: Monetary policy affects aggregate demand primarily by changing interest rates. However,...
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