Principles of Macroeconomics
PRINCIPLES OF MACROECONOMICS continues to be the most popular and widely used text in the economics classroom. The fifth edition features a strong revision of content in all 36 chapters while maintaining the clear, accessible writing style and precise presentation that are the hallmarks of this highly respected author. Dozens of new applications emphasize the real-world relevance of economics for today's students through interesting news articles, realistic case studies, and engaging problems. The new edition also features an expanded instructor's resource package designed to assist in course planning and classroom presentation, as well as full integration of content with Aplia. I have tried to put myself in the position of someone seeing economics for the first time. My goal is to emphasize the material that students should and do find interesting about the study of the economy.--N. Gregory Mankiw.
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2009 Cengage Learning aggregate demand aggregate supply aggregate-demand curve amount assets bank bonds budget deficit buyers capital outflow chapter computers consumer surplus Copyright 2009 Cengage countries currency curve shifts deadweight loss demand curve dollar domestic economists economy’s effect equilibrium price example Explain exports falls Figure firms GDP deflator graph growth higher households ice cream Ice-Cream Cone important income increase inflation rate investment labor loanable funds macroeconomic measure monetary policy money supply natural rate net capital outflow nominal interest rate output panel percent Phillips curve policymakers price elasticity price level producer surplus production possibilities frontier purchases quantity demanded quantity of money quantity supplied QUICK QUIZ raises real exchange rate real GDP real interest rate reduces Rights Reserved rises sell sellers short-run aggregate-supply curve shows spending supply and demand supply curve Suppose textiles theory trade trade-off U.S. economy United variables wages workers