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,NETASAssessment:STestSBankStoSaccompanySPrinciplesSofSMacroeconomics,
SixthSCanadianSEdition
BySN.SGregorySMankiwS/SRonaldSD.SKneeboneS/SKennethSJ.SMcKenzie
TestSBankSpreparedSbySConstantinSColonescu,SMacEwanSUniversity
NETAScopySeditor:SFrancesSRobinson
AvailableSonSInstructor’sSResourceSCDSISBNS.S0-17-655440-8
COPYRIGHTS©2014SbySNelsonSEducationSLtd.SNelsonSisSaSregisteredStrademarkSusedShereinSunderSlicence
.SAllSrightsSreserved.
ForSmoreSinformationScontactSNelson,S1120SBirchmountSRoad,SToronto,SOntarioS M1KS5G4.SOrSyouScanSvi
sitSourSInternetSsiteSatSwww.nelson.com.
ALLSRIGHTSSRESERVED.SNoSpartSofSthisSworkScoveredSbyStheScopyrightShereonSmaySbeSreproducedSorS
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ii
, TABLESOFSCONTENTS
PartS1SIntroduction
ChapterS1STenSPrinciplesSofSEconomics 1-1
ChapterS2SThinkingSLikeSanSEconomist 2-1
ChapterS3SInterdependenceSandStheSGainsSfromSTrade 3-1
PartS2SSupplySAndSDemand:SHowSMarketsSWork
ChapterS4STheSMarketSForcesSofSSupplySandSDemand 4-1
PartS3STheSDataSofSMacroeconomics
ChapterS5SMeasuringSaSNation’sSIncome 5-1
ChapterS6SMeasuringStheSCostSofSLiving 6-1
PartS4STheSRealSEconomySinStheSLongSRun
ChapterS7SProductionSandSGrowth 7-1
ChapterS8SSaving,SInvestment,SandStheSFinancialSSystem 8-1
ChapterS9SUnemploymentSandSItsSNaturalSRate 9-1
PartS5SMoneySAndSPricesSinStheSLongSRun
ChapterS10STheSMonetarySSystem 10-1
ChapterS11SMoneySGrowthSandSInflation 11-1
PartS6STheSMacroeconomicsSofSOpenSEconomies
ChapterS12SOpen-EconomySMacroeconomics:SBasicSConcepts 12-1
ChapterS13SASMacroeconomicSTheorySofStheSSmallSOpenSEconomy 13-1
PartS7SShort-RunSEconomicSFluctuations
ChapterS14SAggregateSDemandSandSAggregateSSupply 14-1
ChapterS15STheSInfluenceSofSMonetarySandSFiscalSPolicySonSAggregateSDemand 15-1
ChapterS16STheSShort-RunSTradeoffSbetweenSInflationSandSUnemployment 16-1
PartS8SFinalSThoughts
ChapterS17SFiveSDebatesSoverSMacroeconomicSPolicy 17-1
iii
, PREFACE
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iv