Macroeconomics the Easy Way

About This Book v PART I: INTRODUCTION TO ECONOMICS 1(62) The Economics Framework 3(14) The Economic Problem: Scarcity and Choice 17(16) Demand, Supply, and Market Equilibrium 33(24) The Price System and Demand and Supply 57(6) PART II: MACROECONOMIC CONCEPTS 63(34) Introduction to Macroeconomics 65(12) National Income 77(10) Measuring Unemployment and Inflation 87(10) PART III: LONG-RUN GROWTH 97(28) The Labor Market and Unemployment 99(12) Long-run Growth 111(14) PART IV: MONEY AND PRICES 125(38) The Money Supply and the Federal Reserve System 127(12) Money Demand and the Interest Rate 139(14) Long-run Inflation and Money Growth 153(10) PART V: AGGREGATE DEMAND AND SUPPLY 163(46) Total Expenditure and Output: 165(14) Aggregate Demand, Aggregate Supply, and Short-run Inflation 179(16) Monetary and Fiscal Policy 195(14) PART VI: THE GLOBAL ECONOMY 209(28) International Trade, Comparative Advantage, and Protectionism 211(16) Economic Growth 227(10) Index 237