Description
Test bank for ECON MACRO 5th Edition by William A. McEachern
Test bank for ECON MACRO 5th Edition by William A. McEachern
4LTR Press solutions give students the option to choose the format that best suits their learning preferences. This option is perfect for those students who focus on the textbook as their main course resource. Readers gain a strong understanding of economic principles with the hundreds of lively examples found in ECON Macro. This book draws on familiar life experiences to help explain economic concepts, choices, institutions, and events. A friendly writing style is makes the material clear and more direct. Understandable graphs and exhibits include captions that summarize key points for review, color-coded curves, and helpful labels for clarification.
Ch 1: The Art and Science of Economic Analysis
Ch 1: Learning Outcomes
1-1: The Economic Problem: Scarce Resources, Unlimited Wants
1-2: The Art of Economic Analysis
1-3: The Science of Economic Analysis
1-4: Some Pitfalls of Faulty Economic Analysis
1-5: If Economists Are So Smart, Why Aren’t They Rich?
1-6: Final Word
Study Tools 1
Chapter 1: Problems
Appendix
Ch 2: Economic Tools and Economic Systems
Ch 2: Learning Outcomes
2-1: Choice and Opportunity Cost
2-2: Comparative Advantage, Specialization, and Exchange
2-3: The Economy’s Production Possibilities
2-4: Economic Systems
2-5: Final Word
Study Tools 2
Chapter 2: Problems
Ch 3: Economic Decision Makers
Ch 3: Learning Outcomes
3-1: The Household
3-2: The Firm
3-3: The Government
3-4: The Rest of the World
3-5: Final Word
Study Tools 3
Chapter 3: Problems
Ch 4: Demand, Supply, and Markets
Ch 4: Learning Outcomes
4-1: Demand
4-2: What Shifts a Demand Curve?
4-3: Supply
4-4: What Shifts a Supply Curve?
4-5: Demand and Supply Create a Market
4-6: Changes in Equilibrium Price and Quantity
4-7: Disequilibrium
4-8: Final Word
Study Tools 4
Chapter 4: Problems
Ch 5: Introduction to Macroeconomics
Ch 5: Learning Outcomes
5-1: The National Economy
5-2: Economic Fluctuations and Growth
5-3: Aggregate Demand and Aggregate Supply
5-4: A Brief History of the U.s. Economy
5-5: Final Word
Study Tools 5
Chapter 5: Problems
Ch 6: Tracking the U.S. Economy
Ch 6: Learning Outcomes
6-1: The Product of a Nation
6-2: Circular Flow of Income and Expenditure
6-3: Limitations of National Income Accounting
6-4: Accounting for Price Changes
6-5: Final Word
Study Tools 6
Chapter 6: Problems
Ch 7: Unemployment and Inflation
Ch 7: Learning Outcomes
7-1: Unemployment: Its Measure and Sources
7-2: Other Unemployment Issues
7-3: Inflation: Its Measure and Sources
7-4: Effects of Inflation
7-5: Final Word
Study Tools 7
Chapter 7: Problems
Ch 8: Productivity and Growth
Ch 8: Learning Outcomes
8-1: The Theory of Productivity and Growth
8-2: Productivity and Growth in Practice
8-3: Other Issues of Technology and Growth
8-4: Final Word
Study Tools 8
Chapter 8: Problems
Ch 9: Aggregate Demand
Ch 9: Learning Outcomes
9-1: Consumption
9-2: Nonincome Determinants of Consumption
9-3: Other Spending Components
9-4: Aggregate Expenditure and Income
9-5: The Simple Spending Multiplier
9-6: The Aggregate Demand Curve
9-7: Final Word
Study Tools 9
Chapter 9: Problems
Ch 10: Aggregate Supply
Ch 10: Learning Outcomes
10-1: Aggregate Supply in the Short Run
10-2: From the Short Run to the Long Run
10-3: Aggregate Supply in the Long Run
10-4: Changes in Aggregate Supply
10-5: Final Word
Study Tools 10
Chapter 10: Problems
Ch 11: Fiscal Policy
Ch 11: Learning Outcomes
11-1: Theory of Fiscal Policy
11-2: Fiscal Policy Up to the Stagflation of the 1970s
11-3: Limits on Fiscal Policy’s Effectiveness
11-4: Fiscal Policy from 1980 to 2007
11-5: Fiscal Policy During and After the Great Recession
11-6: Final Word
Study Tools 11
Chapter 11: Problems
Ch 12: Federal Budgets and Public Policy
Ch 12: Learning Outcomes
12-1: The Federal Budget Process
12-2: Fiscal Impact of the Federal Budget
12-3: The National Debt in Perspective
12-4: Federal Debt and the Economy
12-5: Final Word
Study Tools 12
Chapter 12: Problems
Ch 13: Money and the Financial System
Ch 13: Learning Outcomes
13-1: The Birth of Money
13-2: Money and Banking
13-3: Financial Institutions in the United States
13-4: Banking During and After the Great Recession of 2007–2009
13-5: Final Word
Study Tools 13
Chapter 13: Problems
Ch 14: Banking and the Money Supply
Ch 14: Learning Outcomes
14-1: Money Aggregates
14-2: How Banks Work
14-3: How Banks Create Money
14-4: The Fed’s Tools of Monetary Control
14-5: Final Word
Study Tools 14
Chapter 14: Problems
Ch 15: Monetary Theory and Policy
Ch 15: Learning Outcomes
15-1: The Demand and Supply of Money
15-2: Money and Aggregate Demand in the Short Run
15-3: Money and Aggregate Demand in the Long Run
15-4: Targets for Monetary Policy
15-5: Final Word
Study Tools 15
Chapter 15: Problems
Ch 16: Macro Policy Debate: Active or Passive?
Ch 16: Learning Outcomes
16-1: Active Policy Versus Passive Policy
16-2: The Role of Expectations
16-3: Policy Rules Versus Discretion
16-4: The Phillips Curve
16-5: Final Word
Study Tools 16
Chapter 16: Problems
Ch 17: International Trade
Ch 17: Learning Outcomes
17-1: The Gains from Trade
17-2: Trade Restrictions and Welfare Loss
17-3: Efforts to Reduce Trade Barriers
17-4: Arguments for Trade Restrictions
17-5: Final Word
Study Tools 17
Chapter 17: Problems
Ch 18: International Finance
Ch 18: Learning Outcomes
18-1: Balance of Payments
18-2: Foreign Exchange Rates and Markets
18-3: Other Factors Influencing Foreign Exchange Markets
18-4: International Monetary System
18-5: Final Word
Study Tools 18
Chapter 18: Problems
Ch 19: Economic Development
Ch 19: Learning Outcomes
19-1: Worlds Apart
19-2: Productivity: Key to Development
19-3: International Trade and Development
19-4: Foreign Aid and Economic Development
19-5: Final Word
Test bank for ECON MACRO 5th Edition by William A. McEachern
