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Macroeconomics

Macroeconomics

N. Gregory Mankiw, Mark P. Taylor

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Assume a U.S. firm buys (imports) $5 million (in U.S. dollars) of foreign goods. That transaction by itself increases the trade deficit by $5 million. But, the $5 million will flow back to the United States to purchase either (i) U.S. goods and services o

  • Assume a U.S. firm buys (imports) $5 million (in U.S. dollars) of foreign goods. That transaction by itself increases the trade deficit by $5 million. But, the $5 million will flow back to the United States to purchase either (i) U.S. goods and services o

  • Exam (elaborations) • 2 pages • 2021
  • Assume a U.S. firm buys (imports) $5 million (in U.S. dollars) of foreign goods. That transaction by itself increases the trade deficit by $5 million. But, the $5 million will flow back to the United States to purchase either (i) U.S. goods and services or (ii) U.S. assets. a) How does the way the $5 million comes back to the United States determine whether there will be balanced trade or a trade deficit? b) How does the U.S. economy benefit from either transaction (the foreign purchase of...
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The Scope Of Economics The Scope Of Economics

  • The Scope Of Economics

  • Class notes • 25 pages • 2017
  • The complete lecture needed to understand the Scope of microeconomics !
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Scarcity & Choice Scarcity & Choice

  • Scarcity & Choice

  • Class notes • 59 pages • 2017
  • The complete lecture needed to understand the basics of Scarcity & Choice !
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Demand, Supply & Market Equilibrium Demand, Supply & Market Equilibrium

  • Demand, Supply & Market Equilibrium

  • Class notes • 87 pages • 2017
  • The complete lecture needed to understand the basics of demand, supply and Equilibrium !
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The Price System & Elasticity The Price System & Elasticity

  • The Price System & Elasticity

  • Class notes • 47 pages • 2017
  • The complete lecture needed to understand the basics of Price Systems and Elasticity!
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Household Behavior and Consumer Choice Household Behavior and Consumer Choice

  • Household Behavior and Consumer Choice

  • Class notes • 48 pages • 2017
  • The complete lecture needed to understand the basics of Household Behavior and Consumer Choice !
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Economic Costs Economic Costs

  • Economic Costs

  • Class notes • 105 pages • 2017
  • The complete lecture needed to understand the basics of Economic costs!
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Cost and Output decisions in the long run Cost and Output decisions in the long run

  • Cost and Output decisions in the long run

  • Class notes • 39 pages • 2017
  • The complete lecture needed to understand the basics of Cost and Output decisions for the long run !
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Monopoly Monopoly

  • Monopoly

  • Class notes • 51 pages • 2017
  • The complete lecture needed to understand the basics of Monopoly !
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Monopolistic Competition and Oligopoly Monopolistic Competition and Oligopoly

  • Monopolistic Competition and Oligopoly

  • Class notes • 40 pages • 2017
  • The greatest and easiest method to score an A on your Microeconomics Exam ! The material includes all the lectures needed for you to understand Microeconomics and build heavy support to your economics knowledge ! The Lectures are : The Scope of Microeconomics, Scarcity & Choice, Demand & Supply & Market Equilibrium, The Price System & Elasticity, Household Behavior and Consumer Choice, Economic Costs, Cost and Output Decisions in the Long Run, Monopoly, Monopolistic Competition & Oligopoly.
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