- 0321552075 (pbk.)
- 9780321552075 (pbk.)
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- Previous ed.: London: Pearson/Addison-Wesley, 2005.
- Includes index.
- Part I: Introduction and Measurement Chapter 1. What Is Macroeconomics? 1-1 How Macroeconomics Affects Our Everyday Lives 1-2 Defining Macroeconomics 1-3 Actual and Natural Real GDP 1-4 Macroeconomics in the Short Run and Long Run 1-5 Case Study: A Century of Business Cycles 1-6 Macroeconomics at the Extremes 1-7 Taming Business Cycles: Stabilization Policy 1-8 The "Internationalization" of Macroeconomics Chapter 2. The Measurement of Income, Prices, and Unemployment 2-1 Why We Care About Income 2-2 The Circular Flow of Income and Expenditure 2-3 What Transactions Should Be Included in Income and Expenditure? 2-4 Components of Expenditure 2-5 The "Magic" Equation and the Twin Deficits 2-6 How Much Income Flows from Business Firms to Households? 2-7 Nominal GDP, Real GDP, and the GDP Deflator 2-8 Measuring Unemployment 2-9 Case Study: Conflicting Measurements: Was the 2002-04 Recover "Jobless" or Not? Appendix: How We Measure Real GDP and the Inflation Rate Part II: Income, Interest Rates, Policy, and the Open Economy Chapter 3. Spending, Income, and Interest Rates 3-1 Business Cycles and the Theory of Income Determination 3-2 Income Determination, Unemployment, and the Price Level 3-3 Planned Expenditure 3-4 Case Study: Why Did U.S. Saving Almost Vanish in This Decade? 3-5 The Economy In and Out of Equilibrium 3-6 The Multiplier Effect 3-7 Sources of Shifts in Planned Spending 3-8 How Can Monetary Policy Affect Planned Spending? 3-9 The Relation of Autonomous Planned Spending to the Interest Rate 3-10 The IS Curve 3-11 Conclusion: The Missing Relation Appendix: Allowing for Income Taxes and Income-Dependent Net Exports Chapter 4. Monetary and Fiscal Policy in the IS-LM Model 4-1 Introduction: The Power of Monetary and Fiscal Policy 4-2 Why People Use Money 4-3 Income, the Interest Rate, and the Demand for Money 4-4 The LM Curve 4-5 The IS Curve Meets the LM Curve 4-6 Monetary Policy in Action 4-7 How Fiscal Expansion Can "Crowd Out" Investment 4-8 Strong and Weak Effects of Monetary Policy 4-9 Strong and Weak Effects of Fiscal Policy 4-10 Using Fiscal and Monetary Policy Together Appendix: The Elementary Algebra of the IS-LM Model Chapter 5. The Government Budget, Foreign Borrowing, and the Twin Deficits 5-1 Introduction 5-2 The Pervasive Effects of the Government Budget 5-3 Case Study: The Government Budget In Historical Perspective 5-4 The Structural Budget 5-5 National Saving and the Consequences of the Government Budge 5-6 Case Study: How the Deficits Rejoined to Become "Twins" 5-7 The Current Account and the Balance of Payments 5-8 Conclusion: Solutions to the National Saving Squeeze Chapter 6. International Trade, Exchange Rates, and Macroeconomic Policy 6-1 Introduction 6-2 Exchange Rates 6-3 The Market for Foreign Exchange 6-4 Real Exchange Rates and Purchasing Power Parity 6-5 Exchange Rate Systems 6-6 Case Study: Asia Intervenes with Buckets to Buy Dollars and Finance the U.S. Current Account Deficit--How Long Can This Continue? 6-7 Determinants of Net Exports 6-8 The Real Exchange Rate and Interest Rate 6-9 Effects of Monetary and Fiscal Policy with Fixed and Flexible Exchange Rates 6-10 Conclusion: Economic Policy in the Open Economy Part III: Aggregate Demand, Aggregate Supply, Unemployment and Inflation Chapter 7. Aggregate Demand, Aggregate Supply, and the Self-Correcting Economy 7-1 Combining Aggregate Demand with Aggregate Supply 7-2 Flexible Prices and the AD Curve 7-3 Shifting the Aggregate Demand Curve with Monetary and Fiscal Policy 7-4 Alternative Shapes of the Short-Run Aggregate Supply Curve 7-5 The Short-Run Aggregate Supply (SAS) Curve When the Nominal Wage Rate Is Constant 7-6 How the Wage Rate Is Set 7-7 Fiscal and Monetary Expansion in the Short and Long Run 7-8 Classical Macroeconomics: The Quantity Theory of Money and the Self-Correcting Economy 7-9 The Keynesian Revolution: The Failure of Self-Correction 7-10 Case Study: What Caused the Great Depression Chapter 8. Inflation: Its Causes
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