preface
introduction
chapter 1getting started
1.1 definition and questions
1.2 the economic way of thinking
eye on the past
chapter 2the u.s. and global economies
2.1 what, how, and for whom?
2.2 the circular flows
chapter 3the economic problem
3.1 production possibilities
3.2 opportunity cost
3.3 economic growth
3.4 specialization and trade
chapter 4demand and supply
4.1 demand
4.2 supply
4.3 market equilibrium
4.4 price rigidities
part 2 monitoring the macroeconomy
chapter 5 gdp and the standard of living
5.1 gdp income, and expenditure
5.2 measuring u.s. gdp
5.3 the use and limitations of real gdp
appendix: measuring rea] gdp
chapter 6 the cpi and the cost of living
6.1 the consumer price index
6.2 the cpi and other price level measures 135
6.3 nominal and real values
chapter 7jobs and unemployment
7.1 labor market indicators
7.2 labor markeltrends and fluctuations
7.3 the sources and types of unemployment
part 3 the real economy
chapter 8potential gdp and the natural unemployment rate
8.1 potential gdp
8.2 the natural unemployment rate
chapter 9economic growth
9.1 the basics of economic growth
9.2 the sources of economic growth
9.3 theories of economic growth
chapter 10investment, saving, and the real interest rate
10.1 physical capital and finandal capital
10.2 the market for loanable funds :
10.3 government in loanable funds market
part 4 the money economy
chapter 11the monetary system
11.1 what is money?
11.2 the banking system
11.3 the federal reserve system
11.4 regulating the quantity of money
chapter 12money, [interest, and inflation
12.1 money and the interest rate
12.2 money, the price level, and inflation
12.3 the cost of inflation
part 5 economic fluctuations
chapter 13 as-ad and the business cycle
13.1 bus[ness-cycle definitions and facts
13.2 aggregate supply
13.3 aggregate demand
13.4 understanding the business cycle
chapter 14 aggregate expenditure
14.1 expenditure plans and real gdp
14.2 equilibrium expenditure
14.3 the expenditure multiplier
14.4 the ad curve and equilibrium expenditure 355
chapter 15 the short-run
policy tradeoff
15.1 the short-run phillips curve
15.2 short-run and long-run phillips curves 370
15.3 expected inflation
part 6 macroeconomic policy
chapter 16fiscal policy
16.1 the federal budget
16.2 the supply side and potential gdp
16.3 the demand side: stabilizing real gdp
chapter 17 monetary policy
17.1 how the fed conducts monetary policy
17.2 monetary policy transmission
17.3 alternative monetary policy strategies
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