Bundle: Principles of Macroeconomics, L...8th EditionN. Gregory Mankiw Publisher: Cengage LearningISBN: 9781337378970
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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 2.3 - Why Economists DisagreeChapter 3 - Interdependence And The Gains Rrom TradeChapter 3.1 - A Parable For The Modern Economy
Chapter 3.2 - Comparative Advantage: The Driving Force Of SpecializationChapter 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 - Elasticity 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 - ProducersurplusChapter 7.3 - Market EfficiencyChapter 8 - Application: The Costs Of TaxationChapter 8.1 - The Deadweight Loss Of TaxationChapter 8.2 - The Determinants Of The Deadweight LossChapter 8.3 - Deadweight Loss And Tax Revenue As Taxes VaryChapter 9 - Application: International TradeChapter 9.1 - The Determinants OftradeChapter 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 GdpChapter 10.3 - The Components OfgdpChapter 10.4 - Real Versus Nominal GdpChapter 10.5 - Is Gdp A Good Measure Of Economic Well-being?Chapter 11 - Measuring The Cost Of LivingChapter 11.1 - The Consumer Price IndexChapter 11.2 - Correcting Economic Variables For The 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 FundsChapter 14 - The Basic Tools Of FinanceChapter 14.1 - Present Value: Measuring The Time Value Of MoneyChapter 14.2 - Managing RiskChapter 14.3 - Asset ValuationChapter 15 - UnemploymentChapter 15.1 - Identifying 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 16.3 - Banks And The Money SupplyChapter 16.4 - The Fed's Tools Of Monetary ControlChapter 17 - Money Growth And IntlationChapter 17.1 - The Classical Theory Of InflationChapter 17.2 - The Cost Of InflationChapter 18 - Open-economy Macroeconomics: Basic ConceptsChapter 18.1 - The International Flows Of Goods And CapitalChapter 18.2 - The Prices For International Transactions: Real And Nominal Exchange RatesChapter 18.3 - A First Theory Of Exchange-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 ExchangeChapter 19.2 - Equilibrium In The Open EconomyChapter 19.3 - How Policies And Events Affect An Open EconomyChapter 20 - Aggregate Demand And Aggregate SupplyChapter 20.1 - Three Key Facts About Economic FluctuationsChapter 20.2 - Explaining Short-run Economic FluctuationsChapter 20.3 - The Aggregate-demand CurveChapter 20.4 - The Aggregate-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 - Shifts In The Phillips 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 Be Made By Rule Rather Than By Discretion?Chapter 23.4 - Should The Central Bank Aim For Zero Inflation?Chapter 23.5 - Should The Government Balance Its Budget?Chapter 23.6 - Should The Tax Laws Be Reformed To Encourage Saving?
Book Details
BRIEF PRINCIPLES OF MACROECONOMICS, 8th Edition, a condensed version of the most widely used resource of its kind in economics classrooms worldwide, is ideal for instructors who want more streamlined topic coverage than the full macroeconomics edition. Author N. Gregory Mankiw is a superb writer and economist who stresses the most important concepts without overwhelming students with excessive detail. MindTap, the online digital solution available with this edition, includes enhancements that offer students extra preparation in graph drawing and test review.
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Explanation: Option (a): The economics can be defined as the study of how society manages its scarce...Explanation: Option (c): The economic model can be defined as the simplified representation of some...Option (d) Tyler has the absolute advantage in washing, since he can wash 3 cars per hour, while...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: Option (b): A change in price of hamburgers leads to a movement along the demand curve...Chapter 4, Problem 3PAChapter 5, Problem 1CQQChapter 5, Problem 7PA
Explanation: The price floor is the minimum price that can be charged for the product in the market....Explanation: The equilibrium price is determined by the demand for the cost and the supply of cost,...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...Here, in the case of the country, the domestic price was $20 and the quantity demanded and supplied...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: Option (c) CPI and GDP deflator both measures the overall level of prices in the...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: Option (b) In the United States over the past century, average income measured by real...Explanation: Both the Stocks and the Bonds are the financial market instruments used by the people...Explanation: Investment is an asset or an item purchased today in the hope that it will generate...Explanation: Option (b): Present value of money 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: Option (a): The person who is not currently at work but who has actively worked during...Explanation: Any commodity or item that a community accepts as payment for the goods and services is...Explanation: The Federal Reserve is the central bank of the US economy, and it is usually known as...Explanation: Option (d): According to the principle of monetary neutrality, only nominal variables...Explanation: Before the tax real interest rate is calculated using the formula: Real interest...Explanation: While comparing the US economy today to that of 1950, as a percentage of GDP, the...Explanation: The foreign exchange market is the place of market where the participants are able to...Explanation: The recession is an important part of the business cycle in the economy. It is 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: Option (b): By the theory of liquidity preference, an increase in the money supply...Option (b): When the Federal Reserve increases the money supply and expands aggregate demand, it...Explanation: Option (b): Many studies suggest that it takes at least 6 months for the monetary...
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