Test Bank (Download Instantly) for Principles of Macroeconomics Version: 8.0 Taylor ISBN: 9781453378717

Test Bank for Principles of Macroeconomics Version: 8.0 Taylor 

Test Bank for Principles of Macroeconomics Version: 8.0 Taylor ISBN: 9781453378717

Table of Contents

Chapter 1: The Central Idea
1.1 Scarcity And Choice For Individuals
1.2 Scarcity And Choice For The Economy As A Whole
1.3 Market Economies And The Price System
1.4 End Of Chapter Material
Chapter 2: Observing and Explaining the Economy
2.1 Why Has Driving Shifted Into Reverse
2.2 Variables, Correlation And Causation
2.3 Recommending Appropriate Policies
2.4 End Of Chapter Material
2.5 Appendix: Reading, Understanding And Creating Graphs
Chapter 3: The Supply and Demand Model
3.1 Demand
3.2 Supply
3.3 Market Equilibrium: Combining Supply And Demand
3.4 End Of Chapter Material
Chapter 4: Subtleties of the Supply and Demand Model
4.1 Interference With Market Prices
4.2 Elasticity Of Demand
4.3 Working With Demand Elasticities
4.4 Elasticity Of Supply
4.5 End Of Chapter Material
Chapter 5: Macroeconomics: The Big Picture
5.1 Measuring The “Size” Of An Economy
5.2 Unemployment, Inflation, And Interest Rates
5.3 Macroeconomic Theory And Policy
5.4 End Of Chapter Material
5.5 Appendix: The Miracle Of Compound Growth
Chapter 6: Measuring the Production, Income, and Spending of Nations
6.1 Measuring Gdp
6.2 Saving
6.3 Measuring Real Gdp
6.4 Shortcomings Of The Gdp Measure
6.5 End Of Chapter Material
Chapter 7: The Spending Allocation Model
7.1 The Spending Shares
7.2 The Effect Of Interest Rates On Spending Shares
7.3 Determining The Equilibrium Interest Rate
7.4 The Relationship Between Saving And Investment
7.5 End Of Chapter Material
Chapter 8: Unemployment and Employment
8.1 Unemployment And Other Labor Market Indicators
8.2 The Nature Of Unemployment
8.3 Modeling The Labor Market
8.4 End Of Chapter Material
Chapter 9: Productivity and Economic Growth
9.1 Labor And Capital Without Technology
9.2 Technology: The Engine Of Growth
9.3 Fundamental Causes Of Economic Growth
9.4 Measuring Technology
9.5 Technology Policy
9.6 End Of Chapter Material
9.7 Appendix: Deriving The Growth Accounting Formula
Chapter 10: Money and Inflation
10.1 What Is Money?
10.2 The Fed, The Banks, And The Link From Reserves To Deposits
10.3 Money Growth And Inflation
10.4 End Of Chapter Material
Chapter 11: The Nature and Causes of Economic Fluctuations
11.1 Changes In Aggregate Demand Lead To Changes In Production
11.2 Forecasting Real Gdp
11.3 The Response Of Consumption To Income
11.4 Finding Real Gdp When Consumption And Income Move Together
11.5 Spending Balance And Departures Of Real Gdp From Potential Gdp
11.6 End Of Chapter Material
11.7 Appendix: Deriving The Formula For The Keynesian Multiplier And The Forward Looking Consumption Model
Chapter 12: The Economic Fluctuations Model
12.1 The Aggregate Demand Curve
12.2 The Inflation Adjustment Line
12.3 Combining The Aggregate Demand Curve And The Inflation Adjustment Line
12.4 End Of Chapter Material
Chapter 13: Using The Economic Fluctuations Model
13.1 Changes In Government Purchases
13.2 Changes In Monetary Policy
13.3 Price Shocks
13.4 Using The Economic Fluctuations Model To Understand The Recent Recession
13.5 End Of Chapter Material
Chapter 14: Fiscal Policy
14.1 The Government Budget
14.2 Countercyclical Fiscal Policy
14.3 The Structural Versus The Cyclical Surplus
14.4 End Of Chapter Material
Chapter 15: Monetary Policy
15.1 The Federal Reserve’s Balance Sheet
15.2 Money Demand And Zero Interest Rate
15.3 When The Interest Rate Hits Zero
15.4 The Economic Fluctuations Model
15.5 Central Bank Independence
15.6 The Exchange Rate
15.7 End Of Chapter Material
Chapter 16: Capital and Financial Markets
16.1 The Distinction Between Physical Capital And Financial Capital
16.2 Markets For Physical Capital
16.3 Markets For Financial Capital
16.4 The Trade Off Between Risk And Returns
16.5 Corporate Governance Problems
16.6 The Role Of Government In Financial Markets
16.7 End Of Chapter Material
16.8 Appendix: Present Discounted Value
Chapter 17: Economic Growth Around the World
17.1 Catching Up (Or Not?)
17.2 Economic Development
17.3 The Spread And Use Of Technology
17.4 Increasing Capital Per Worker
17.5 End Of Chapter Material
Chapter 18: International Trade
18.1 Trends In International Trade
18.2 Comparative Advantage
18.3 Reasons For Comparative Advantage
18.4 Gains From Expanded Markets
18.5 Tariffs And Quotas
18.6 The History Of Trade Restrictions
18.7 Arguments For Trade Barriers
18.8 How To Reduce Trade Barriers
18.9 End Of Chapter Material
Chapter 19: International Finance
19.1 Exchange Rates
19.2 Exchange Rate Determination
19.3 Fixed Exchange Rates
19.4 Currency Unions
19.5 End Of Chapter Material