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16. A Change in Equilibrium Price and<br />

Quantity<br />

17. Price Controls<br />

18. A Price Ceiling<br />

19. A Price Floor<br />

20. Price Controls and Economic<br />

Inefficiency<br />

21. Appendix: Markets are Both Impersonal<br />

and Personal<br />

21. Study Guide for Chapter 3<br />

22. Chapter Summary<br />

23. Questions for Chapter 3<br />

24. Answers for Chapter 3<br />

Chapter 4 Inflation and Unemployment<br />

1. Three Macroeconomic Goals<br />

2. Inflation<br />

3. The Price Level, Money, and Production<br />

4. Consumer Price Index<br />

5. Consumer Price Index Table<br />

6. Computing the Rate of Inflation<br />

7. Adjusting Nominal Values to Real Values<br />

8. Unemployment<br />

9. Full Employment<br />

10. Measuring Unemployment<br />

11. Types of Unemployment<br />

12. Frictional Unemployment<br />

13. Structural Unemployment<br />

14. Natural Unemployment Rate<br />

15. Cyclical Unemployment<br />

16. Economic Growth and Job Destruction<br />

17. Appendix: Female Labor Force<br />

Participation<br />

18. Appendix: Recent U.S. History in<br />

Achieving the Three Macroeconomic<br />

Goals<br />

19. Appendix: High Unemployment after the<br />

Great Recession<br />

20. Appendix: High Unemployment in France<br />

21. Appendix: Think Like an Economist –<br />

Unemployment Policies<br />

22. Study Guide for Chapter 4<br />

23. Chapter Summary<br />

24. Questions for Chapter 4<br />

25. Answers for Chapter 4<br />

26. Answer to Think Like an Economist<br />

Chapter 5 Measuring Total Output: GDP<br />

1. Gross Domestic Product<br />

2. Market Value<br />

3. What is Excluded in Computing GDP<br />

4. Two Measures of Total Output; GDP and<br />

National Income<br />

5. Total Expenditures and GDP<br />

6. Resource Payments and National Income<br />

7. Per Capita Output<br />

8. Per Capita Personal Income – 2013<br />

9. Real GDP<br />

10. The Business Cycle<br />

11. Appendix: Flaws in GDP as a Measure of<br />

Standard of Living<br />

12. Appendix: The Three Macroeconomic<br />

Goals and the U.S. Economy<br />

13. Appendix: Historical Data on Nominal and<br />

Real GDP<br />

14. Appendix: Circular Flow Diagram<br />

15. Study Guide for Chapter 5<br />

16. Chapter Summary<br />

17. Questions for Chapter 5<br />

18. Answers for Chapter 5<br />

Chapter 6 The Aggregate Market<br />

1. Aggregate Demand<br />

2. Shifts in the Aggregate Demand Curve<br />

3. Factors Affecting TE<br />

4. Aggregate Supply<br />

5. Shifts in the SRAS Curve<br />

6. Factors Affecting Overall Costs of<br />

Production<br />

7. Short-Run Equilibrium: Putting AD and<br />

SRAS Together<br />

8. Changes in AD and SRAS<br />

9. Appendix: Why Increasing SRAS Has Not<br />

Led to a Lower Price Level<br />

10. Appendix: Why the Aggregate Demand<br />

Curve Slopes Downward<br />

11. Appendix: Why the Short-Run Aggregate<br />

Supply Curve Slopes Upward<br />

12. Study Guide for Chapter 6<br />

13. Chapter Summary<br />

14. Questions for Chapter 6<br />

15. Answers for Chapter 6<br />

Chapter 7 Classical Economic Theory<br />

1. Adam Smith<br />

2. The Ideal Quantity of Total Output<br />

3. The Self-Regulating Economy<br />

4. Marx’s Criticism of Classical Theory<br />

5. Say’s Law, Savings, and Flexible Interest<br />

Rates<br />

6. Say’s Law and Flexible Wages and Prices<br />

7. Natural Real GDP<br />

8. A Recessionary Gap<br />

9. An Inflationary Gap<br />

10. Long-Run Equilibrium<br />

11. Automatically Closing a Recessionary Gap<br />

12. Automatically Closing an Inflationary Gap<br />

13. Long-Run Aggregate Supply<br />

14. Laissez-faire<br />

15. Appendix: The Stock Market Crash of<br />

1929, the Smoot-Hawley Tariff, and the<br />

Great Depression<br />

FOR REVIEW ONLY - NOT FOR DISTRIBUTION<br />

Table of Contents Contents - 2

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