Principles of Macroeconomics 2e covers the scope and sequence of most introductory …
Principles of Macroeconomics 2e covers the scope and sequence of most introductory economics courses. The text includes many current examples, which are handled in a politically equitable way. The outcome is a balanced approach to the theory and application of economics concepts. The second edition has been thoroughly revised to increase clarity, update data and current event impacts, and incorporate the feedback from many reviewers and adopters. Changes made in Principles of Macroeconomics 2e are described in the preface and the transition guide to help instructors transition to the second edition. The first edition of Principles of Macroeconomics by OpenStax is available in web view here.
By the end of this section, you will be able to: Differentiate …
By the end of this section, you will be able to:
Differentiate among a floating exchange rate, a soft peg, a hard peg, and a merged currency Identify the tradeoffs that come with a floating exchange rate, a soft peg, a hard peg, and a merged currency
By the end of this section, you will be able to: Analyze …
By the end of this section, you will be able to:
Analyze whether monetary policy decisions should be made more democratically Calculate the velocity of money Evaluate the central bank’s influence on inflation, unemployment, asset bubbles, and leverage cycles Calculate the effects of monetary stimulus
By the end of this section, you will be able to: Discuss …
By the end of this section, you will be able to:
Discuss why and how economists measure inflation expectations Analyze the impacts of fiscal and monetary policy on aggregate supply and aggregate demand Explain the neoclassical Phillips curve, noting its tradeoff between inflation and unemployment Identify clear distinctions between neoclassical economics and Keynesian economics
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