22 Pages

# Chapter6

Course Number: ECON 131, Spring 2013

College/University: University of Hawaii,...

Word Count: 9929

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Chapter6: An Introduction to Macroeconomics Chapter Opener p. 115 PART THREE GDP, GROWTH, AND INSTABILITY 6 AN INTRODUCTION TO MACROECONOMICS 7 MEASURING DOMESTIC OUTPUT AND NATIONAL INCOME 8 ECONOMIC GROWTH 9 BUSINESS CYCLES, UNEMPLOYMENT, AND INFLATION p. 116 AFTER READING THIS CHAPTER, YOU SHOULD BE ABLE TO: 1 Interpret how macroeconomics studies both long-run economic growth and short-run fluctuations in...

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Chapter7: Measuring Domestic Output and NationalIncomeChapter Openerp. 129AFTER READING THIS CHAPTER, YOU SHOULD BE ABLE TO:1Explain how gross domestic product (GDP) is defined and measured.2Describe the relationships among GDP, net domestic produ
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Chapter8: Economic GrowthChapter Openerp. 149AFTER READING THIS CHAPTER, YOU SHOULD BE ABLE TO:1List two ways that economic growth is measured.2Define modern economic growth and explain the institutional structuresneeded for an economy to experien
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Chapter9: Business Cycles, Unemployment, andInflationChapter Openerp. 170AFTER READING THIS CHAPTER, YOU SHOULD BE ABLE TO:1Describe the business cycle and its primary phases.2Illustrate how unemployment and inflation are measured.3Explain the t
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Chapter10: Basic Macroeconomic RelationshipsChapter Openerp. 190PART FOURMACROECONOMICMODELS AND FISCALPOLICY10 BASIC MACROECONOMICRELATIONSHIPS11 THE AGGREGATE EXPENDITURESMODEL12 AGGREGATE DEMAND AND AGGREGATESUPPLY13 FISCAL POLICY, DEFICIT
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Chapter11: The Aggregate Expenditures ModelChapter Openerp. 211AFTER READING THIS CHAPTER, YOU SHOULD BE ABLE TO:1Illustrate how economists combine consumption and investmentto depict an aggregate expenditures schedule for a private closedeconomy.
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Chapter12: Aggregate Demand and AggregateSupplyChapter Openerp. 233AFTER READING THIS CHAPTER, YOU SHOULD BE ABLE TO:1Define aggregate demand (AD) and explain the factors that cause itto change.2Define aggregate supply (AS) and explain the factor
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Chapter13: Fiscal Policy, Deficits, and DebtChapter Openerp. 257AFTER READING THIS CHAPTER, YOU SHOULD BE ABLE TO:1Identify and explain the purposes, tools, and limitations of fiscalpolicy.2Explain the role of built-in stabilizers in moderating bu
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