(BQ) Part 2 book "Fundamentals of economics" has contents: Monetary policy, issues in international trade and finance, globalization, macroeconomic policy, business cycles, and growth, money and banking, fiscal policy, macroeconomic measures,.and other contents. | Part Three The National and Global Economies CHAPTER 9 An Overview of the National and International Economies 1. 2. 3. 4. 5. What is a household, and what is household income and spending? What is a business firm, and what is business spending? How does the international sector affect the economy? What does government do? How do the three private sectors—households, businesses, and the international sector—interact in the economy? 6. How does the government interact with the other sectors of the economy? CHAPTER 10 Macroeconomic Measures 1. 2. 3. 4. 5. CHAPTER 11 Unemployment, Inflation, and Business Cycles 1. 2. 3. 4. 5. CHAPTER 12 How is the total output of an economy measured? What is the difference between nominal and real GDP? What is the purpose of a price index? How is money traded internationally? How do nations record their transactions with the rest of the world? What is a business cycle? How is the unemployment rate defined and measured? What is the cost of unemployed resources? What is inflation? Why is inflation a problem? Macroeconomic Equilibrium: Aggregate Demand and Supply 1. 2. 3. 4. What is aggregate demand? What causes the aggregate demand curve to shift? What is aggregate supply? Why does the short-run aggregate supply curve become steeper as real GDP increases? 5. Why is the long-run aggregate supply curve vertical? 6. What causes the aggregate supply curve to shift? 7. What determines the equilibrium price level and real GDP? CHAPTER 13 Fiscal Policy 1. 2. 3. 4. CHAPTER 14 How can fiscal policy eliminate a GDP gap? How has . fiscal policy changed over time? What are the effects of budget deficits? How does fiscal policy differ across countries? Money and Banking 1. 2. 3. 4. 5. 6. What is money? How is the . money supply defined? How do countries pay for international transactions? Why are banks considered intermediaries? How does international banking differ from domestic banking? How do banks create .
