Brief principles of macroeconomics
In writing this textbook, Mankiw has tried to put himself in the position of someone seeing economics for the first time. The author's conversational writing style is superb for presenting the politics and science of economic theories to tomorrow's decision-makers. Because Mankiw wrote it for the students, the book stands out among all other principles texts by intriguing students to apply an economic way of thinking in their daily lives. Receiving such a praise as "perhaps the best ever" textbook in economic principles, it's no wonder Mankiw's prize project has quickly become one of the most successful books ever to be published in the college marketplace.
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Thinking Like an Economist
Interdependence and the Gains from
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aggregate demand aggregate supply aggregate-demand curve amount assets bank bonds borrow budget deficit capital outflow chapter consumer price index countries currency curve shifts demand curve demand for loanable deposits dollar domestic economists economy's effect efficient markets hypothesis example Explain exports fall Figure firms foreign foreign-currency exchange GDP deflator higher households hyperinflation ice cream important income increase inflation rate investment labor force loanable funds macroeconomic market for foreign-currency market for loanable measure monetary policy money supply national saving natural rate nominal exchange rate nominal interest rate output panel percent Phillips curve policymakers price level production possibilities frontier purchases purchasing-power parity quantity demanded quantity of loanable quantity of money real exchange rate real GDP real interest rate reduces rises sell shows spending supply and demand supply curve theory trade tradeoff U.S. dollar U.S. economy unemployed unions United variables wages workers