Name: Macroeconomics: Private and Public Choice
Author: Russell Sobel; Richard Stroup; James Gwartney; David Macpherson
ISBN: 9781285453545

Chapter 1 - The Economic Approach Chapter 2 - Some Tools Of The Economist Chapter 3 - Demand, Supply And The Market Process Chapter 4 - Demand And Supply: Applications And Extensions Chapter 5 - Difficult Cases For The Market And The Role Of Government Chapter 6 - The Economics Of Political Action Chapter 7 - Taking The Nation's Economic Pulse Chapter 8 - Economic Fluctuations, Unemployment, And Inflation Chapter 9 - An Introduction To Basic Macroeconomic Markets Chapter 10 - Dynamic Change, Economic Fluctuations, And The Ad-as Model

Chapter 11 - Fiscal Policy: The Keynesian View And Historical Development Of Macroeconomics Chapter 12 - Fiscal Policy, Incentives, And Secondary Effects Chapter 13 - Money And The Banking System Chapter 14 - Modern Macroeconomics And Monetary Policy Chapter 15 - Stabilization Policy, Output, And Employment Chapter 16 - Creating An Environment For Growth And Prosperity Chapter 17 - Institutions, Policies, And Cross-country Differences In Income And Growth Chapter 18 - Gaining From International Trade Chapter 19 - International Finance And The Foreign Exchange Market Chapter ST1 - Government Spending And Taxation Chapter ST2 - The Economics Of Social Security Chapter ST3 - The Stock Market: Its Function, Performance, And Potential As As Investment Opportunity Chapter ST4 - Great Debates In Economics: Keynes Versus Hayek Chapter ST5 - The Crisis Of 2008: Causes And Lessons For The Future Chapter ST6 - Lessons From The Great Depression Chapter ST7 - The Federal Budget And The National Debt

Book Details

MACROECONOMICS: PRIVATE AND PUBLIC CHOICE, Fifteenth Edition, reflects current economic conditions, enabling students to apply economic concepts to the world around them, and includes a robust set of online multimedia learning tools.

Sample Solutions for this Textbook

We offer sample solutions for Macroeconomics: Private and Public Choice homework problems. See examples below:

Option (a): When the temperature reduces from 80 degrees Fahrenheit to 50 degrees Fahrenheit, water...In an economy, ‘J’ will get $5,000 by trading used car to ‘S’. In this case, by getting $5,000, ‘J’...An increase in the price of pork would lead to a fall in the quantity demanded of pork. This would...An increase in the demand for housing leads to an increase in the demand for goods and services. To...In the market, if the payment is not demanded for the goods and services, then the potential...The public choice analysis uses the economic methods and tools to analyze political problems in an...The gross domestic product (GDP) measures the final value of the goods and services produced by a...The major phases of the business cycle are business peak, contraction, recessionary trough, and...Table-1 shows the value of nominal GDP and the GDP deflator as follows: Table-1 Nominal GDP...

The components of the aggregate demand are consumption, investment, government spending, and net...The components of the aggregate demand are the consumption expenditure, government spending,...According to Keynesian view, the equilibrium output is determined at the point where the aggregate...For discretionary fiscal policy, there will be a problem of appropriate timing which may fail to...The liquidity of an asset refers to its ease and quickness in converting itself into cash without...Money is considered as the medium of exchange for goods and services. The important reasons for...The role of the government and the central bank is necessary to stabilize the economy and achieve...According to the economist Robert Lucas, to achieve the growth of real income, the growth of real...Table-1 shows the data of per person GDP level of different countries in 2014 as follows: Table...Every economy has their own natural resources, which are being used for the production of goods and...The exchange rate is the rate at which the currencies are traded with each other. It can be...The tax will reduce the efficiency because taxes are the burden imposed by the government on its...Social insurance is a government program that provides social security and aid from any losses, such...People can choose a diversified portfolio to get a high return with low risk. If an individual only...According to Keynes, only the government intervention with increasing spending can stimulate the...The recession of 2001 induces the Fed to adopt highly expansionary monetary policy. As a part of...During 1920s, the stock market grows up rapidly. It hits the history of growth and achieves its peak...The national debt is the amount of debt that the government owes to the public as well as to other...

More Editions of This Book

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Macroeconomics - With Aplia Access Code

12th Edition

ISBN: 9780324676747

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MACROECONOMICS-W/MINDTAP

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15th Edition

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15th Edition

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