Preface
Part 1 Introduction
Chapter 1 What is Economics? 1
Chapter 2 The Economic Problem 19
Chapter 3 Demand and Supply 37
Part 2 Monitoring Macroeconomic Performance
Chapter 4 Measuring GDP and Economic Growth 52
Chapter 5 Monitoring Jobs and Inflation 65
Part 3 Macroeconomic Trends
Chapter 6 Economic Growth 77
Chapter 7 Finance, Saving, and Investment 88
Part 4 Macroeconomic Fluctuations
Chapter 10 Aggregate Supply and Aggregate Demand 126
Chapter 11 Expenditure Multipliers 140
Chapter 12 The Business Cycle, Inflation, and Deflation 155
Part 5 Macroeconomic Policy
Chapter 13 Fiscal Policy 168
T a ble o f C o n t en t s