(BQ) Part 1 book "Brief principles of macroeconomics" has contents: Ten principles of economics, thinking like an economist; interdependence and the gains from trade; the market forces of supply and demand; measuring the cost of living, production and growth; saving, investment, and the financial system,.and other contents. | Find more at Find more at Money and Prices in the Long Run 11 The Monetary System 12 Money Growth and Inflation The monetary system is crucial in determining the long-run behavior of the price level, the inflation rate, and other nominal variables. The Macroeconomics of Open Economies 13 Open-Economy Macroeconomics: Basic Concepts A nation’s economic interactions with other nations are described by its trade balance, net foreign investment, and exchange rate. 14 A Macroeconomic Theory of the Open Economy A long-run model of the open economy explains the determinants of the trade balance, the real exchange rate, and other real variables. Short-Run Economic Fluctuations 15 Aggregate Demand and Aggregate Supply 16 The Influence of Monetary and Fiscal Policy on Aggregate Demand 17 The Short-Run Trade-off between Inflation and Unemployment The model of aggregate demand and aggregate supply explains short-run economic fluctuations, the short-run effects of monetary and fiscal policy, and the short-run linkage between real and nominal variables. Final Thoughts 18 Six Debates over Macroeconomic Policy A capstone chapter presents both sides of six major debates over economic policy. Find more at This page intentionally left blank Find more at Brief Principles of Macroeconomics Sixth Edition N. Gregory Mankiw HARVARD UNIVERSITY Find more at This page intentionally left .
