Study Guide to Accompany Principles of Macroeconomics, Second Edition [by] N. Gregory MankiwTo accomplish your course goals, use this study guide to enhance your understanding of the text content and to be better prepared for quizzes and tests. This convenient manual helps you assimilate and master the information encountered in the text through the use of practice exercises and applications, comprehensive review tools, and additional helpful resources. |
Contents
Core | 1 |
Contents Chapter 1 Ten Principles of Economics | 3 |
Public Goods and Common Resources | 11 |
Copyright | |
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absolute advantage Advanced Critical Thinking aggregate demand aggregate supply assets bank bonds budget deficit buyers capital outflow causes Chapter comparative advantage consumer surplus consumption currency deadweight loss decrease demand curve demand for loanable deposits dollar economists economy efficient elasticity of demand equilibrium price equilibrium quantity Exhibit fall firms foreign gains from trade growth impact income increase inelastic inflation rate labor loanable funds long-run macroeconomic money supply Multiple-Choice Questions natural rate net capital outflow nominal interest rate opportunity cost percent Phillips curve policymakers price and quantity price ceiling price elasticity price level producer surplus production possibilities frontier quantity demanded quantity supplied real exchange rate real GDP real interest rate real output reduce rise sellers shifts right Short-Answer Questions short-run aggregate-supply curve short-run Phillips curve supply and demand supply curve Suppose tariff TERMS AND DEFINITIONS total surplus True/False Questions units workers