Instructor's Resource Manual for Principles of Macroeconomics

Preface ...........................................................................................v
Chapter 1 The Scope and Method of Economics . .....................................................1
Chapter 2 The Economic Problem: Scarcity and Choice ..............................................12
Chapter 3 Demand, Supply, and Market Equilibrium .................................................23
Chapter 4 Demand and Supply Applications .........................................................39
Chapter 5 [20] Introduction to Macroeconomics ....................................................50
Chapter 6 [21] Measuring National Output and National Income .....................................62
Chapter 7 [22] Unemployment, Inflation, and Long-Run Growth ......................................76
Chapter 8 [23] Aggregate Expenditure and Equilibrium Output ......................................93
Chapter 9 [24] The Government and Fiscal Policy .................................................106
Chapter 10 [25] The Money Supply and the Federal Reserve System .................................118
Chapter 11 [26] Money Demand and the Equilibrium Interest Rate ..................................133
Chapter 12 [27] The Determination of Aggregate Output, the Price Level, and the Interest Rate ...144
Chapter 13 [28] Policy Effects and Costs Shocks in the AS/AD Model ............................. 158
Chapter 14 [29] The Labor Market in the Macroeconomy ............................................168
Chapter 15 [30] Financial Crises, Stabilization, and Deficits ...................................183
Chapter 16 [31] Household and Firm Behavior in the Macroeconomy: A Further Look .................199
Chapter 17 [32] Long-Run Growth .................................................................216
Chapter 18 [33] Alternative Views in Macroeconomics .............................................228
Chapter 19 [34] International Trade, Comparative Advantage, and Protectionism ...................239
Chapter 20 [35] Open-Economy Macroeconomics, The Balance of Payments and Exchange Rate ..........255
Chapter 21 [36] Economic Growth in Developing and Transitional Economies ........................271
Solutions to Problems ...........................................................................288