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| Introductionto Economics | |
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| The Central Idea | |
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| Scarcity and Choice for Individuals | |
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| Scarcity and Choice for the Economy as a Whole Market | |
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| Economies and the Price System | |
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| Economics in Action | |
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| Gains from Trade on the Internet Economics in Action | |
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| Teaching Jobs and Graduate School Applications | |
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| Two Sides of the Same Coin | |
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| Economics in the News | |
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| Gains from Trade on the Radio | |
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| Observing and Explaining the Economy What Do Economists Do? | |
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| The Fluctuating Price of Gasoline | |
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| Recommending Appropriate Policies | |
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| Economics in Action: An Economic Experiment to Study | |
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| Discrimination Economics in Action: Science or Persuasion? | |
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| Economics in the News: Young Economists at Work | |
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| Appendix to Chapter 2 | |
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| Reading, Understanding, and Creating Graphs | |
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| Visualizing Observations with Graphs | |
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| Visualizing Models with Graphs | |
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| The Supply and Demand Model | |
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| Demand Supply Market Equilibrium | |
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| Combining Supply and Demand Economics in the News | |
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| Why Roses Cost More on Valentine's Day | |
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| Economics in Action: Using the Supply and Demand | |
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| Model to Analyze Real-World Issues | |
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| Subtleties of the Supply and Demand | |
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| Model: Price Floors, Price Ceilings, and Elasticity | |
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| Interference with Market Prices | |
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| Elasticity of Demand Working with Demand Elasticities | |
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| Elasticity of Supply Economics in Action | |
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| How Policymakers Use Price | |
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| Elasticity of Demand to Discourage | |
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| Underage Drinking Economics in the News | |
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| Increasing School Enrollment in Africa Economics in Action | |
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| Predicting the Size of a Price | |
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| Increase Economics in Action: Will an Increase in the Minimum Wage Benefit Poor Workers? | |
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| Principles of Microeconomics | |
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| The Demand Curve and the Behavior of Consumers Utility and Consumer Preferences | |
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| The Budget Constraint and Utility | |
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| Maximization Willingness to Pay and the Demand Curve | |
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| The Market Demand Curve | |
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| Consumer Surplus Economics in Action | |
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| Peering Deeper into How Individuals Make Decisions | |
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| Economics in the News: Creating Consumer Surplus for the Poor | |
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| Economics in Action: Building Roads and Bridges with Consumer Surplus | |
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| Appendix to Chapter 5 | |
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| Consumer Theory with Indifference Curves | |
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| The Budget Line The Indifference Curve | |
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| The Supply Curve and the Behavior of Firms | |
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| Definition of a Firm | |
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| The Firm's Profits | |
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| Profit Maximization and the Individual Firm's | |
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| Supply Curve | |
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| The Market Supply Curve | |
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| Producer Surplus Economics in Action: Green Pricing and Incentives | |
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| Economics in the News: Supply Shifts Caused by Natural Disaster | |
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| The Interaction of People in Markets | |
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| Individual Consumers and Firms in a Market | |
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| Are Competitive Markets Efficient? | |
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| Measuring Waste from Inefficiency | |
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| The Deadweight Loss from Price | |
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| Floors and Ceilings Shifts in Cost Curves | |
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| The Deadweight Loss from Taxation | |
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| Informational Efficiency Economics in the News | |
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| Coordination Failure in Responding to a Famine | |
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| Economics in Action: Price Controls and Deadweight | |
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| Loss in the Milk Industry | |
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| The Economics of the Firm | |
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| Costs and the Changes at Firms over Time | |
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| Costs for an Individual Firm Cost Curves | |
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| The Production Decision in the Short Run | |
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| Costs and Production: The Long Run Economies of Scale | |
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| Economics in the News: A Dormant Mine Starts | |
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| Up Again Economics in Action: Expanding (and Shrinking) a Firm over Time | |
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| Economics in Action: Economist Finds | |
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| Economies of Scale at Pin Factory | |
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| Appendix to Chapter 8 | |
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| Producer Theory with Isoquants | |
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| Combining Capital and Labor | |
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| Minimizing Costs for a Given Quantity | |
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| The Rise and Fall of Industries | |
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| Markets and Industries | |
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| The Long-Run Competitive | |
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| Equilibrium Model of an Industry External | |
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| Economies and Diseconomies of Scale Economics in the News | |
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| Entry and Exit in the DVD Rental Industry | |
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| Economics in Action: The Rise of Digital Cameras and the Death of Silver Halide Film | |
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| Economics in the News: Cycles in the Grape Industry | |
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| Monopoly A Model of Monopoly | |
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| The Generic Diagram of a Monopoly and Its Profits | |
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| Competition, Monopoly, and Deadweight | |
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| Loss Why Monopolies Exist Price Discrimination | |
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| Economics in the News: The Decline of the Diamond | |
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| Monopolist Economics in Action: How Best to Ensure | |
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| Access to Clean Water in Developing Countries | |
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| Product Differentiation, Monopolistic Competition, and Oligopoly Product | |
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| Differentiation Monopolistic | |
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| Competition Oligopoly Economics in Action | |
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| What's the Future of Product Differentiation? | |
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| Economics in the News: The Deliciousness of Product | |
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| Differentiation Economics in Action: A Duopoly Game | |
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| Antitrust Policy and Regulation | |
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| Antitrust Policy Regulating | |
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| Natural Monopolies To Regulate or Not to Regulate | |
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| Economics in Action: Are Mergers Good for the Economy? | |
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| Economics in the News: Price Fixing in the Ivy League | |
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| Markets, Income Distribution, and Public Goods | |
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| Labor Markets | |
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| The Measurement of Wages | |
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| The Labor Market Labor Demand | |
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| A Comparison of MRP = W with MC = P Labor Supply | |
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| Explaining Wage Trends and Differences Labor Unions | |
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| Economics in the News: Incentives to Work | |
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| Economics in Action: Why It's Better Being an Economist | |
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| Economics in Action: Does Productivity or Compensating | |
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| Differentials Explain the Academic Wage Gap? | |
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| Taxes, Transfers, and Income Distribution | |
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| The Tax System Transfer Payments | |
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| The Distribution of Income in the United States | |
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| Economics in the News: The "Death Tax" Debate | |
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| Economics in the News: Assessing the Success of the 1996 | |
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| Welfare Reform a Decade Later Economics in Action: Should We Be Concerned About Income Inequality? | |
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| Public Goods, Externalities, and Government | |
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| Behavior Public Goods Externalities: From the Environment to Education | |
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| Remedies for Externalities Models of Government Behavior | |
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| Economics in Action: Excludability, Rivalry, and the Classification of Goods and Services | |
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| Economics in the News: Realizing the Positive Externalities of a New Cancer Vaccine | |
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| Economics in the News: Environmental Economics | |
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| Economics in Action: Advising the Government to Auction Off the Spectrum | |
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| Capital Markets | |
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| The Distinction Between Physical Capital and Financial Capital | |
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| Markets for Physical Capital | |
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| Markets for Financial Capital | |
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| The Tradeoff Between Risk and Return | |
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| Corporate Governance Problems | |
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| Economics in the News: Physical Capital Accumulation of Google | |
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| Economics in Action: Understanding Stock and Bond Price Listings in Newspapers | |
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| Economics in the News: Corporate Greed | |
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| Appendix to Chapter 16 | |
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| Present Discounted Value | |
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| Discounting the Future | |
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| Finding the Present Discounted Value | |
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| Principlesof Macroeconomics | |
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| Macroeconomics:The Big Picture | |
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| Measuring the "Size" of an Economy | |
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| Unemployment, Inflation, and Interest Rates | |
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| Macroeconomic Theory and Policy Economics in the News | |
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| How Economic Growth Can Transform an Economy | |
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| Economics in Action: The Economic Impact of September 11 | |
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| Appendix to Chapter 17 | |
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| The Miracle of Compound Growth | |
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| How Compound Growth Works | |
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| Plotting Growing Variables | |
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| Measuring the Production, Income, and Spending of Nations | |
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| Measuring GDP Saving | |
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| Measuring Real GDP | |
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| Shortcomings of the GDP | |
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| Measure Economics in Action: Distinguishing Between Stocks and Flows Economics in the News: The Monthly Release of GDP | |
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| Data Economics in Action: Measuring the Quality of Life Across Nations | |
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| The Spending Allocation Model | |
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| The Spending Shares | |
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| The Effect of Interest Rates on Spending Shares | |
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| Determining the Equilibrium Interest Rate | |
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| The Relationship Between Saving and Investment | |
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| Economics in Action: Using the Spending Allocation | |
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| Model to Analyze the Long-Run | |
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| Implications of Shifts in Government Purchases and Consumption | |
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| Economics in the News: The "Twin Deficits" | |
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| Unemployment and Employment | |
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| Unemployment and Other Labor Market Indicators | |
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| The Nature of Unemployment | |
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| Modeling the Labor Market | |
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| Economics in the News: Unemployment Each Month | |
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| Economics in Action: Unemployment Among Young People Around the World | |
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| Productivity and Economic Growth | |
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| Labor and Capital Without Technology | |
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| Technology: The Engine of Growth Measuring Technology | |
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| Technology Policy Economics in Action: The Role of Technology in Economic Growth | |
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| Economics in Action: Examples of Changes in Technology | |
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| That Increased Productivity Economics in Action: Two Invention Factories | |
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| Past and Present Economics in Action: Growth Accounting in Practice | |
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| Economics in the News: Productivity Growth | |
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| Appendix to Chapter 21 | |
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| Deriving the Growth Accounting Formula | |
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| Money and Inflation What Is Money? | |
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| The Fed, the Banks, and the Link from Reserves to Deposits | |
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| Money Growth and Inflation Economics in the News | |
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| Counterfeit Money Economics in Action: Hyperinflation and Too Much Money | |
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| Economic Fluctuations and Macroeconomic Policy | |
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| The Nature and Causes of Economic Fluctuations | |
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| Changes in Aggregate Demand Lead to Changes in Production | |
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| Forecasting Real GDP | |
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| The Response of Consumption to Income Finding Real GDP | |
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| When Consumption and Income Move Together | |
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| Spending Balance and Departures of Real GDP from Potential GDP | |
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| Economics in Action: Real-Life Examples of How Firms Respond to Demand | |
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| Economics in the News: Assessing the Macroeconomic Impact of a Terrorist | |
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| Attack Economics in Action: The Professional Forecasters | |
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| Economics in Action: Making Time's Top 100 | |
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| Appendix to Chapter 23 | |
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| Deriving the Formula for the Keynesian | |
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| Multiplier and the Forward-Looking Consumption Model | |
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| The Keynesian Multiplier | |
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| The Forward-Looking Consumption Model | |
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| The Economic Fluctuations Model | |
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| The Aggregate Demand Curve | |
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| The Inflation Adjustment Line | |
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| Combining the Aggregate Demand Curve and the Inflation | |
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| Adjustment Line Economics in the News | |
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| The Fed Raises and Then Lowers the Interest Rate | |
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| Using the Economic Fluctuations Model | |
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| Changes in Government Purchases | |
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| Changes in Monetary Policy Price | |
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| Shocks Economics in Action: Explaining the Recovery from the Great Depression | |
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| Economics in Action: The 2001 Recession and Recovery | |
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| Fiscal Policy | |
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| The Government Budget Countercyclical Fiscal Policy | |
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| The Structural Versus the Cyclical Surplus | |
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| Economics in Action: How Should Social Security Be Reformed? | |
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| Economics in Action: The Economic Report of the President | |
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| Monetary Policy Why Are Central Banks Independent? | |
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| Running Monetary Policy | |
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| Money and Other Instruments of Monetary Policy | |
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| The Exchange Rate and Monetary Policy | |
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| Economics in the News: Anatomy of a Hump | |
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| Trade and Global Markets | |
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| Economic Growth and Globalization Catching Up or Not? | |
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| Economic Development Spreading and Using Technology | |
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| Increasing Capital per Worker | |
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| Economics in Action: The Millennium Challenge | |
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| Corporation Economics in Action: Is There a Global Saving Glut? | |
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| The Gains from International Trade | |
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| Recent Trends in International Trade | |
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| Comparative Advantage Reasons for Comparative Advantage Gains from Expanded Markets | |
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| Economics in the News: The Economic Impact of Outsourcing | |
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| Economics in Action: Doing Politics and Economics | |
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| International Trade Policy | |
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| Tariffs and Quotas | |
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| The History of Trade Restrictions | |
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| Arguments for Trade Barriers | |
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| How to Reduce Trade Barriers | |
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| Economics in Action: From Steel to Shrimp: The Same Old Tariff Story | |
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| Economics in the News: The End of the Multi-Fiber Agreement | |
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| Economics in Action: Ending the Corn Laws | |
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| Glossary | |
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| Index | |
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| Credits | |