Test Bank for Macroeconomics for Today, 9th Edition

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  • ISBN-10 ‏ : ‎ 1305507142
  • ISBN-13 ‏ : ‎ 978-1305507142
  • Author:  Dr. Irvin B. Tucker

Now you can truly visualize economics with the most student-friendly economics text on the market: Irvin Tucker’s MACROECONOMICS FOR TODAY, 9E. Written by a national award-winning educator, MACROECONOMICS FOR TODAY clearly presents concepts using a writing style that is engaging and clear, no matter what your current level of economic understanding. A unique textual and visual learning system, colorful graphs, and causation chains clarify concepts. The book concisely presents and reinforces core concepts, then gives opportunities to immediately assess your comprehension. You study the latest economic information on economic growth, income distribution, federal deficits, environmental issues, and other developments in economics today with an engaging, easy-to-follow format that applies principles to everyday life. Numerous printed and online study tools, including a companion website, help you further master key principles in economics today.

 

Table of Contents

  1. Part 1: Introduction to Economics
  2. Ch 1: Introducing the Economic Way of Thinking
  3. Ch 1: Introduction
  4. Ch 1: In This Chapter, You Will Learn to Solve These Economics Puzzles:
  5. 1-1:The Problem of Scarcity
  6. 1-2: Scarce Resources and Production
  7. 1-3: Economics: the Study of Scarcity and Choice
  8. 1-4: The Methodology of Economics
  9. 1-5: Hazards of the Economic Way of Thinking
  10. 1-6: Why Do Economists Disagree?
  11. 1-7: Careers in Economics
  12. Ch 1: Key Concept
  13. Ch 1: Summary
  14. Ch 1: Summary of Conclusion Statements
  15. Ch 1: Study Questions and Problems
  16. Ch 1: Sample Quiz
  17. Appendix to Chapter 1: Applying Graphs to Economics
  18. Ch 2: Production Possibilities, Opportunity Cost, and Economic Growth
  19. Ch 2: Introduction
  20. Ch 2: In This Chapter, You Will Learn to Solve These Economics Puzzles:
  21. 2-1: Three Fundamental Economic Questions
  22. 2-2: Opportunity Cost
  23. 2-3: Marginal Analysis
  24. 2-4: The Production Possibilities Curve
  25. 2-5: The Law of Increasing Opportunity Costs
  26. 2-6: Sources of Economic Growth
  27. 2-7: Present Investment and the Future Production Possibilities Curve
  28. Ch 2: Key Concept
  29. Ch 2: Summary
  30. Ch 2: Summary of Conclusion Statements
  31. Ch 2: Study Questions and Problems
  32. Ch 2: Sample Quiz
  33. Part 1: Road Map
  34. Part 2: Microeconomics Fundamentals
  35. Ch 3: Market Demand and Supply
  36. Ch 3: Introduction
  37. Ch 3: In This Chapter, You Will Learn to Solve These Economics Puzzles:
  38. 3-1: The Law of Demand
  39. 3-2: The Distinction Between Changes in Quantity Demanded and Changes in Demand
  40. 3-3: Nonprice Determinants of Demand
  41. 3-4: The Law of Supply
  42. 3-5: The Distinction Between Changes in Quantity Supplied and Changes in Supply
  43. 3-6: Nonprice Determinants of Supply
  44. 3-7: A Market Supply and Demand Analysis
  45. Ch 3: Key Concept
  46. Ch 3: Summary
  47. Ch 3: Study Questions and Problems
  48. Ch 3: Sample Quiz
  49. Appendix to Chapter 3: Consumer Surplus, Producer Surplus, and Market Efficiency
  50. Ch 4: Markets in Action
  51. Ch 4: Introduction
  52. Ch 4: In This Chapter, You Will Learn to Solve These Economics Puzzles:
  53. 4-1: Changes in Market Equilibrium
  54. 4-2: Can the Laws of Supply and Demand Be Repealed?
  55. 4-3: Market Failure
  56. Ch 4: Key Concept
  57. Ch 4: Summary
  58. Ch 4: Summary of Conclusion Statements
  59. Ch 4: Study Questions and Problems
  60. Ch 4: Sample Quiz
  61. Appendix to Chapter 4: Applying Supply and Demand Analysis to Health Care
  62. Part 3: Macroeconomics Fundamentals
  63. Ch 5: Gross Domestic Product
  64. Ch 5: Introduction
  65. Ch 5: In This Chapter, You Will Learn to Solve These Economics Puzzles:
  66. 5-1: Gross Domestic Product
  67. 5-2: Measuring GDP
  68. 5-3: The Expenditure Approach
  69. 5-4: The Income Approach
  70. 5-5: Gdp Shortcomings
  71. 5-6: Other National Income Accounts
  72. 5-7: Changing Nominal GDP to Real GDP
  73. Ch 5: Key Concept
  74. Ch 5: Summary
  75. Ch 5: Summary of Conclusion Statements
  76. Ch 5: Study Questions and Problems
  77. Ch 5: Sample Quiz
  78. Appendix to Chapter 5: A Four-Sector Circular Flow Model
  79. Ch 6: Business Cycles and Unemployment
  80. Ch 6: Introduction
  81. Ch 6: In This Chapter, You Will Learn to Solve These Economics Puzzles:
  82. 6-1: The Business–Cycle Roller Coaster
  83. 6-2: Unemployment
  84. 6-3: Types of Unemployment
  85. 6-4: The Goal of Full Employment
  86. 6-5: Nonmonetary and Demographic Consequences of Unemployment
  87. Ch 6: Key Concept
  88. Ch 6: Summary
  89. Ch 6: Summary of Conclusion Statements
  90. Ch 6: Study Questions and Problems
  91. Ch 6: Sample Quiz
  92. Ch 7: Inflation
  93. Ch 7: Introduction
  94. Ch 7: In This Chapter, You Will Learn to Solve These Economics Puzzles:
  95. 7-1: Meaning and Measurementof Inflation
  96. 7-2: Consequences of Inflation
  97. 7-3: Demand-Pull and Cost-Push Inflation
  98. Ch 7: Key Concept
  99. Ch 7: Summary
  100. Ch 7: Summary of Conclusion Statements
  101. Ch 7: Study Questions and Problems
  102. Ch 7: Sample Quiz
  103. Part 3: Road Map
  104. Part 4: Macroeconomics Theory and Policy
  105. Ch 8: The Keynesian Model
  106. Ch 8: Introduction
  107. Ch 8: In This Chapter, You Will Learn to Solve These Economics Puzzles:
  108. 8-1: Introducing Classical Theory and the Keynesian Revolution
  109. 8-2: Reasons the Consumption Function Shifts
  110. 8-3: Investment Expenditures
  111. 8-4: Why Investment Demand Is Unstable
  112. Ch 8: Key Concept
  113. Ch 8: Summary
  114. Ch 8: Summary of Conclusion Statements
  115. Ch 8: Study Questions and Problems
  116. Ch 8: Sample Quiz
  117. Ch 9: The Keynesian Model in Action
  118. Ch 9: Introduction
  119. Ch 9: In This Chapter, You Will Learn to Solve These Economics Puzzles:
  120. 9-1: Adding Government and Global Trade to the Keynesian Model
  121. 9-2: The Aggregate Expenditures Model
  122. 9-3: The Spending Multiplier Effect
  123. 9-4: Recessionary and Inflationary Gaps
  124. Ch 9: Key Concept
  125. Ch 9: Summary
  126. Ch 9: Summary of Conclusion Statements
  127. Ch 9: Study Questions and Problems
  128. Ch 9: Sample Quiz
  129. Ch 10: Aggregate Demand and Supply
  130. Ch 10: Introduction
  131. Ch 10: In This Chapter, You Will Learn to Solve These Economics Puzzles:
  132. 10-1: The Aggregate Demand Curve
  133. 10-2: Reasons for the Aggregate Demand Curve’s Shape
  134. 10-3: Nonprice-Level Determinants of Aggregate Demand
  135. 10-4: The Aggregate Supply Curve
  136. 10-5: Changes in AD–AS Macroeconomic Equilibrium
  137. 10-6: Nonprice-Level Determinants of Aggregate Supply
  138. 10-7: Cost-Push and Demand-Pull Inflation Revisited
  139. Ch 10: Key Concept
  140. Ch 10: Summary
  141. Ch 10: Summary of Conclusion Statements
  142. Ch 10: Study Questions and Problems
  143. Ch 10: Sample Quiz
  144. Appendix to Chapter 10: The Self-Correcting Aggregate Demand and Supply Model
  145. Ch 11: Fiscal Policy
  146. Ch 11: Introduction
  147. Ch 11: In This Chapter, You Will Learn to Solve These Economics Puzzles:
  148. 11-1: Discretionary Fiscal Policy
  149. 11-2: Automatic Stabilizers
  150. 11-3: Supply-Side Fiscal Policy
  151. Ch 11: Key Concept
  152. Ch 11: Summary
  153. Ch 11: Summary of Conclusion Statements
  154. Ch 11: Study Questions and Problems
  155. Ch 11: Sample Quiz
  156. Ch 12: The Public Sector
  157. Ch 12: Introduction
  158. Ch 12: In This Chapter, You Will Learn to Solve These Economics Puzzles:
  159. 12-1: Government Size and Growth
  160. 12-2: Financing Government Budgets
  161. 12-3: The Art of Taxation
  162. 12-4: Public Choice Theory
  163. Ch 12: Key Concept
  164. Ch 12: Summary
  165. Ch 12: Summary of Conclusion Statements
  166. Ch 12: Study Questions and Problems
  167. Ch 12: Sample Quiz
  168. Ch 13: Federal Deficits, Surpluses, and the National Debt
  169. Ch 13: Introduction
  170. Ch 13: In This Chapter, You Will Learn to Solve These Economics Puzzles:
  171. 13-1: The Federal Budget Balancing Act
  172. 13-2: Budget Surpluses and Deficits in Other Countries
  173. 13-3: Why Worry over the National Debt?
  174. Ch 13: Key Concept
  175. Ch 13: Summary
  176. Ch 13: Summary of Conclusion Statements
  177. Ch 13: Study Questions and Problems
  178. Ch 13: Sample Quiz
  179. Part 4: Road Map
  180. Part 5: Money, Banking, and Monetary Policy
  181. Ch 14: Money and the Federal Reserve System
  182. Ch 14: Introduction
  183. Ch 14: In This Chapter, You Will Learn to Solve These Economics Puzzles:
  184. 14-1: What Makes Money Money?
  185. 14-2: Money Supply Definitions
  186. 14-3: The Federal Reserve System
  187. 14-4: What a Federal Reserve Bank Does
  188. 14-5: The U.S. Banking Revolution
  189. Ch 14: Key Concept
  190. Ch 14: Summary
  191. Ch 14: Summary of Conclusion Statements
  192. Ch 14: Study Questions and Problems
  193. Ch 14: Sample Quiz
  194. Ch 15: Money Creation
  195. Ch 15: Introduction
  196. Ch 15: In This Chapter, You Will Learn to Solve These Economics Puzzles:
  197. 15-1: Money Creation Begins
  198. 15-2: Multiplier Expansion of Money by the Banking System
  199. 15-3: How Monetary Policy Creates Money
  200. 15-4: Monetary Policy Shortcomings
  201. Ch 15: Key Concept
  202. Ch 15: Summary
  203. Ch 15: Summary of Conclusion Statements
  204. Ch 15: Study Questions and Problems
  205. Ch 15: Sample Quiz
  206. Ch 16: Monetary Policy
  207. Ch 16: Introduction
  208. Ch 16: In This Chapter, You Will Learn to Solve These Economics Puzzles:
  209. 16-1: How Are Interest Rates Determined?
  210. 16-2: The Monetarist View of the Role of Money
  211. 16-3: A Comparison of Macroeconomic Views
  212. Ch 16: Key Concept
  213. Ch 16: Summary
  214. Ch 16: Summary of Conclusion Statements
  215. Ch 16: Study Questions and Problems
  216. Ch 16: Sample Quiz
  217. Appendix to Chapter 16: Policy Disputes Using the Self-correcting Aggregate Demand and Supply Model
  218. Ch 17: The Phillips Curve and Expectations Theory
  219. Ch 17: Introduction
  220. Ch 17: In This Chapter, You Will Learn to Solve These Economics Puzzles:
  221. 17-1: The Phillips Curve
  222. 17-2: The Long-Run Phillips Curve
  223. 17-3: The Theory of Rational Expectations
  224. 17-4: Applying the AD-AS Model to the Great Expectations Debate
  225. 17-5: Incomes Policy
  226. 17-6: How Different Macroeconomic Theories Attack Inflation
  227. Ch 17: Key Concept
  228. Ch 17: Summary
  229. Ch 17: Summary of Conclusion Statements
  230. Ch 17: Study Questions and Problems
  231. Ch 17: Sample Quiz
  232. Part 5: Road Map
  233. Part 6: The International Economy
  234. Ch 18: International Trade and Finance
  235. Ch 18: Introduction
  236. Ch 18: In This Chapter, You Will Learn to Solve These Economics Puzzles:
  237. 18-1: Why Nations Need Trade
  238. 18-2: Absolute and Comparative Advantage
  239. 18-3: Free Trade Versus Protectionism
  240. 18-4: Arguments for Protection
  241. 18-5: The Balance of Payments
  242. 18-6: Exchange Rates
  243. Ch 18: Key Concept
  244. Ch 18: Summary
  245. Ch 18: Summary of Conclusion Statements
  246. Ch 18: Study Questions and Problems
  247. Ch 18: Sample Quiz
  248. Ch 19: Economies in Transition
  249. Ch 19: Introduction
  250. Ch 19: In This Chapter, You Will Learn to Solve These Economics Puzzles:
  251. 19-1: Basic Types of Economic Systems
  252. 19-2: The “ISMS”
  253. 19-3: Economies in Transition
  254. Ch 19: Key Concept
  255. Ch 19: Summary
  256. Ch 19: Summary of Conclusion Statements
  257. Ch 19: Study Questions and Problems
  258. Ch 19: Sample Quiz
  259. Ch 20: Growth and the Less-Developed Countries
  260. Ch 20: Introduction
  261. Ch 10: In This Chapter, You Will Learn to Solve These Economics Puzzles:
  262. 20-1: Comparing Developed and Less-Developed Countries
  263. 20-2: Economic Growth and Development Around the World
  264. 20-3: The Helping Hand of Advanced Countries
  265. Ch 20: Key Concept
  266. Ch 20: Summary
  267. Ch 20: Summary of Conclusion Statements
  268. Ch 20: Study Questions and Problems
  269. Ch 20: Sample Quiz
  270. Part 6: Road Map
  271. Appendix A: Answers to Odd-Numbered Study Questions and Problems
  272. Appendix B: Answers to Sample Quizzes
  273. Appendix C: Answers to Road Map Questions
  274. Glossary
  275. Index