Browse All Chapters of This Textbook
Chapter 1 - What Economics Is AboutChapter 1.2 - A Definition Of EconomicsChapter 1.3 - Key Concepts In EconomicsChapter 1.5 - Ceteris Paribus And TheoryChapter A - Working With DiagramsChapter 2 - Production Possibilities Frontier FrameworkChapter 2.1 - The Production Possibilities FrontierChapter 3 - Supply And Demand: TheoryChapter 3.1 - What Is DemandChapter 3.2 - Supply
Chapter 3.3 - The Market: Putting Supply And Demand TogetherChapter 4 - Prices: Free, Controlled, And RelativeChapter 4.1 - PriceChapter 4.2 - Price ControlsChapter 4.3 - Two Prices: Absolute And RelativeChapter 5 - Supply, Demand, And Price: ApplicationsChapter 5.1 - Application 1: Tickets To The Big Bang TheoryChapter 5.2 - Application 2: Easier To Obtain Loans And Ghigher Housing PricesChapter 5.3 - Application 3: The Price Of An Aisle SeatChapter 5.4 - Application 4: What Will Happen To The Price Of Marijuna If The Purchase And Sale Of Marijuna Are LegalizedChapter 5.5 - Application 5: Speculators, Price Vriability, And PatternsChapter 5.6 - Application 6: Why Is Medical Care So Expensive?Chapter 5.7 - Application 7: Why Do Colleges Use Gpa,s Actss, And Sats, For Purposes Of Admission?Chapter 5.8 - Application 8: Supply And Demand On A FreewayChapter 5.9 - Application 9: Are Renters Better Off?Chapter 5.10 - Application 10: Do You Pay For Good WeatherChapter 5.11 - Application 11: College Super AthletsChapter 5.12 - Application 12: 10 A. M. Classes In CollegeChapter 5.13 - Application 13: Salsa, Chips And BeerChapter 6 - Macroeconomic Measurements, Part I: Prices And UnemploymentChapter 6.1 - Measuring The Price LevelChapter 6.2 - Measuring UnemploymentChapter 7 - Macroeconomic Measurements, Part Ii: Gdp And Real GdpChapter 7.1 - Gross Domestic ProductChapter 7.2 - The Expenditure Approach To Computing Gdp For A Real World EconomyChapter 7.4 - Real GdpChapter 8 - Aggregate Demand And Aggregate SupplyChapter 8.2 - Aggregate DemandChapter 8.3 - Short-run Aggregate SupplyChapter 8.5 - Long Run Aggregate SupplyChapter 9 - Classical Macro Economics And The Self Regulating EconomyChapter 9.1 - The Classical ViewChapter 9.2 - Three States Of The EconomyChapter 9.3 - The Self Regulating EconomyChapter 10 - Kenesian Macroeconomics And Economic Instability: A Critique Of The Self Regulating EconomyChapter 10.1 - Questioning The Classical Position And The Self Regulating EconomyChapter 10.2 - The Simple Keynesian ModelChapter 10.3 - The Simple Keynesian Model In The Ad-as FrameworkChapter 10.4 - The Simple Keynesian Model In The Te-tp FrameworkChapter 11 - Fiscal Policy And The Federal BudgetChapter 11.1 - The Federal BudgetChapter 11.3 - Demand Side Fiscal PolicyChapter 11.4 - Supply Side Fiscal PolicyChapter 12 - Money, Banking And The Financial SystemChapter 12.2 - Defining The Money SupplyChapter 12.3 - How Banking DevelopedChapter 12.4 - The Financial SystemChapter 13 - The Federal Reserve SystemChapter 13.1 - The Structure And Functions Of The Federal Reserve System (the Fed)Chapter 13.3 - Other Fed Tools And Recent Fed ActionsChapter 14 - Money And The EconomyChapter 14.1 - Money And The Price LevelChapter 14.2 - MonetarismChapter 14.3 - InflationChapter 14.4 - Money And Interest RatesChapter 15 - Monetary PolicyChapter 15.1 - Tansmission MechanismChapter 15.4 - Nonactivist Monetary ProposalsChapter D - Bond Prices And The Interest RateChapter 16 - Expectations Theory And The EconomyChapter 16.2 - The Controversy Begins: Are There Really Two Philps Curve?Chapter 16.3 - Rational Expectations And New Classical TheoryChapter 16.5 - Looking At Things From The Supply Side: Real Business Cycle TheoristsChapter 17 - Economic Growth: Resources, Technology, Ideas And InstitutionsChapter 17.2 - A Production Function And Economic GrowthChapter 18 - The Financial Crisis Of 2007-2009Chapter 18.2 - The Financial Crisis As A Balance Sheet ProblemChapter 18.4 - The Taylor Rule And Interest RateChapter 18.7 - The Role Of Leverage And Regularoty Capital ArbitrageChapter 19 - Debates In Macroeconomics Over The Rolse And Effects Of GovernmentChapter 19.10 - Demand-side And Supply-side Views Of The Economy And Government Tools For Changing Real GdpChapter 20 - Public Choice And Special Interest Group PoliticsChapter 20.3 - Voters And Rational IgnoranceChapter 20.4 - More About VotingChapter 20.6 - Constitutional EconomicsChapter 21 - Building Theories To Explain Everyday Life: From Observations To Questions To Theories To PredictionsChapter 21.3 - Observation/thought 1: The Birthrates In Varioys Countries Are DifferentChapter 21.6 - Observation/thought 4: Criminals Are Not RationalChapter 21.10 - Observation/thought 8: People Who Give To Others Often Complain That They End Up Giving Too MuchChapter 22 - International TradeChapter 22.1 - International Trade TheoryChapter 22.2 - Trade RestictionsChapter 23 - International FinanceChapter 23.2 - Flexible Exchange RateChapter 23.3 - Fixed Exchange RateChapter 24 - Globalization And International Impacts On The EconomyChapter 24.4 - The Movment Towards GlobalizationChapter 24.7 - Less Globaliztion Or More A Tug-of-war?Chapter 24.8 - International Factos And Aggregate DemandChapter 24.10 - Factors That Affect Both Aggregate Demand And Aggregate SupplyChapter 24.11 - Deficits: International Effects And Domestic Feedback
Book Details
Ever wonder why you have the number of friends that you do? Would a tax on soda really reduce obesity? What is going on with the financial problems in Greece? Is a tax rebate is better than a tax bonus? MACROECONOMICS, 12E answers these questions and many more as this book opens up the world of economic analysis. This edition offers more detailed coverage of the financial and economic crisis than any other macroeconomics book of its kind on the market. Memorable examples from pop culture illustrate the unexpected places macroeconomics occur and show how economic forces link to every day events. This edition offers complete video assets ideal for self-study. "Video Office Hours" digital lectures walk you through worked problems, while brief "Working with Diagrams" videos demonstrate key concepts in graphing that you can play and replay. A new Adaptive Test Prep Tool available on MindTap™ enables you to assess your personal economic understanding. Powerful digital resources, including Aplia™, MindTap™ work with the book's latest content to reflect today's changing economy and equip you with a thorough understanding of contemporary macroeconomics.
Sample Solutions for this Textbook
We offer sample solutions for Macroeconomics (Book Only) homework problems. See examples below:
The opportunity cost will not be equal to all students in the class. The opportunity cost refers to...The relationship between hot dogs and hot dog buns is that both are complementary goods. The goods...Production–possibility frontier is the combination of different combinations of two goods that a...The market demand curve can be derived by adding each individual’s quantity demand at a different...If the demand rises and supply is constant, the equilibrium price and equilibrium quantity would...The reduction in employment when the wage rate is set above the equilibrium is illustrated below: In...Figure 1 shows the demand curve for colleges A and B as follows: In Figure 1, the vertical axis...Current year consumer price index (CPI): Consumer price index (CPI) can be calculated using the...Double counting is the problem of estimating the values of goods and services more than once. During...
Figure-1: Figure-1 shows the aggregate demand curve with different price level. In figure-1, the...Figure-1 shows the recessionary gap as follows: In Figure-1, the horizontal axis measures the real...If the economy is in the recessionary gap, then the level of output is less than the full employment...Zero crowding out: In zero crowding out effect, the government increases spending, but the private...M1 and M2 indicate the money supply in the economy. The M1 category involves currency held in hand...The required reserve ratio or cash reserve ratio is inversely related to the money supply. The...According to the monetarists, the general equation of exchange is MV=PQ, in which M is the money...The Keynesian transmission mechanism maintains that money supply affects the aggregate demand...The inverse relation between the bond price and its interest rate is shown in the figure below:...A policy adopted by the Fed, which is ineffective at changing real GDP is called the policy...A production function refers to the output or real GDP, which depend on inputs such as labor,...The difference between the assets and liabilities of a bank is its capital or total net worth. If...Figure 1 shows the aggregate demand and supply curve as follows: In Figure 1, the vertical axis...Suppose the government decides to make a cost benefit analysis in the economy, it takes 6 persons...No theory cannot perfectly describe the reality because the main job of a theory is to find why the...The production of countries A and B is shown in the table below: Table 1 Country Commodity...Suppose there are two countries, namely A and B. If Country A wants to make trade with Country B, A...The important driving forces of globalization in the recent periods are advancing technology, the...
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