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Study Guide for Arnold's Economics



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Cengage Learning
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Written and updated by the author, this Study Guide includes a list of key concepts and terms, review questions and problems, and short-answer exercises asking "what is wrong?" or "what has been overlooked?" Multiple-choice, true/false, and fill-in-the-blank practice questions are also included. The Study Guide has been fully updated to reflect the changes in the core text.

Table of Contents

What Economics Is Aboutp. 1
Production Possibilities Frontier Frameworkp. 11
Supply and Demand: Theoryp. 19
Prices: Free, Controlled, and Relativep. 30
Supply, Demand and Price: Applicationsp. 38
Macroeconomic Measurements, Part I: Prices and Unemploymentp. 47
Macroeconomic Measurements, Part II: GDP and Real GDPp. 56
Aggregate Demand and Aggregate Supplyp. 67
Classical Macroeconomics and the Self-Regulating Economyp. 77
Keyriesian Macroeconomics and Economic Instability: A Critique of the Self-Regulating Economyp. 86
Fiscal Policy and the Federal Budgetp. 96
Money, Banking and the Financial Systemp. 106
The Federal Reserve Systemp. 115
Money and the Economyp. 124
Monetary Policyp. 135
Expectations Theory and the Economyp. 145
Economic Growth: Resources, Technology, Ideas, and Institutionsp. 156
The Financial Crisis of 2007-2009p. 63
Debates in Macroeconomics Over the Role and Effects of Governmentp. 171
Elasticityp. 178
Consumer Choice: Maximizing Utility and Behavioral Economicsp. 187
Production and Costsp. 195
Perfect Competitionp. 208
Monopolyp. 219
Monopolistic Competition, Oligopoly, and Game Theoryp. 227
Government and Product Markets: Antitrust and Regulationp. 236
Factor Markets: "With Emphasis on the Labor Marketp. 245
Wages, Unions, and Laborp. 254
The Distribution of Income and Povertyp. 262
Interest, Rent, and Profitp. 270
Market Failure: Externalities, Public Goods, and Asymmetric Informationp. 279
Public Choice and Specia-Interest-Group Politicsp. 288
The Economic Case For and Against Government: Five Topics Consideredp. 295
International Tradep. 301
International Financep. 311
Globalization and International Impacts on the Economyp. 321
Stocks, Bonds, Futures, and Optionsp. 332
Web Chapter Agriculture: Problems, Policies, and Unintended Effectsp. 341
Answer Keyp. 347
Table of Contents provided by Ingram. All Rights Reserved.

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