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1. Gross domestic product
2. GDP and the Circular Flow of Expenditure and Income
3. Why is Domestic Product “Gross”?
4. The Expenditure Approach
5. The Income Approach
6. Nominal GDP and Real GDP
7. Real GDP and the price level
Chapter 3. Measuring GDP and economic growth
1. The Standard of Living Over Time
2. The Standard of Living Across Countries
3. Limitations of Real GDP
4. Economic Growth Trends
5. The Aggregate Production Function
6. Labor Market Equilibrium and Potential GDP
7. Why Labor Productivity Grows
8. Classical Growth Theory
9. Neoclassical Growth Theory
Chapter 4. Monitoring cycles, Jobs, and the Price Level
1. Employment and Unemployment
2. Three Labor Market Indicators
3. Types of Unemployment
4. “Natural” Unemployment
5. What Determines the Natural Unemployment Rate?
6. Real GDP and Unemployment Over the Business Cycle
7. Why Inflation and Deflation are Problems?
8. The Consumer Price Index
9. Measuring the Inflation Rate
10. The Biased CPI
Chapter 5. Finance, Saving, and Investment
1. Money, banks and the Federal reserve
2. What is money?
3. Depository institutions
4. How banks create money
5. Controlling the quantity of money
6. Money, interest and real GDP
7. The demand for money
8. Interest rate determination
9. Short-run effects of money on real GDP and the price level
10. The Magnitude and Consequences of the Bias
11. Alternative Price Indexes
Chapter 6. Money, price level and inflation
1. Financial Institutions and Financial Markets
2. The Market for Loanable Funds
3. The Real Interest Rate
4. The Demand for Loanable Funds
5. The Supply of Loanable Funds
6. Government in the Market for Loanable Funds
7. The Global Loanable Funds Market
8. Demand and Supply in Global and National Markets
Chapter 8. The exchange rate and the balance of payment
1. The Exchange Rate and the Balance of Payments
2. The Foreign Exchange Market
3. Exchange Rate Fluctuations
4. Changes in the Exchange Rate
5. Exchange Rate Expectations
6. Purchasing Power Parity
7. The Real Exchange Rate
8. Exchange Rate Policy
9. Fixed Exchange Rate
Chapter 9. Aggregate supply and demand
1. Aggregate supply
2. Aggregate demand
3. Macroeconomic equilibrium
Chapter 12. Expenditure multipliers: the Keynesian model
1. Fixed Prices and Expenditure Plans.
2. Marginal Propensities to Consume and Save.
3. Consumption Function and Saving Function
4. Inflation
5. Inflation and the price level
6. Effects of inflation
7. Interest rates and inflation
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| The Size of the Government Debt | | | Real GDP (billions of 2000 dollars) |