Central problems of every economic society; Price functioning of a "mixed economy"; Supply and demand: the bare elements; Stock-market fluctuations; Incomes and living standards; Business organization and income; Elements of accounting; Labor and industrial relations; Economic role of government: expenditure, regulation, finance; Economic role of government: federal taxation and local finance; National income and product; The official national-income data; Determination of national income and its fluctuations; Saving, consumption, and investment; Income determination: the simple multiplier theory; Income determination: fiscal policy, inflation, and thriftiness; Business cycles and forecasting; Prices and money; The banking system and deposit creation; Federal reserve and central bank monetary policy; Synthesis of monetary analysis and income analysis; Mechanisms of menetarism and income determination; Fiscal policy and full employment without inflation; False and genuine burdens of the public debt; Determination of price by supply and demand; Cases on suplly and demand; Supply and demand as applied to agriculture; Economics of speculation, risk, and insurance; The theory of demand and utility; Geometrical analysis of consumer equilibrium; Competitive supply; Analysis of costs and long-run supply; Maximum-profit equilibrium: monopoly; Monopoly regulation and exploitation: game theory; Imperfect competition and antirust policy; Theory of production and marginal-products; Graphical depiction of production theory...
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BASIC ECONOMIC CONCEPTS AND NATIONAL INCOME
CENTRAL PROBLEMS OF EVERY ECONOMIC SOCIETY
Central Problems of Every Economic Society
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American amount assets average balance banks business cycle capital cent Chapter comparative advantage consumer consumption corporations countries currency definition demand curve deposits depreciation determine diminishing returns dollar earnings economic economists effect efficient equal equilibrium expenditure exports extra factors factors of production Federal Reserve firm fiscal policy full employment gold growth higher important increase indifference curve industry inflation inputs interest rate intersection investment labor land law of diminishing less long-run lower macroeconomic Marginal Cost marginal utility marginal-product million mixed economy modern monopoly national product oligopoly output perfect competition population problem profit programs ratio real wage relative rent result revenue rise saving schedule sell shift shows social society spending supply and demand supply curve Table tariff theory trade union units wage rates wheat workers