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Test bank For Economics Principles and Applications 6th Edition by Robert E. Hall

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Test bank For Economics Principles and Applications 6th Edition by Robert E. Hall

Test bank For Economics Principles and Applications 6th Edition by Robert E. Hall

Discover how real-world policy issues, decisions, and applications impact you every day with the practical insights and accessible explanations in Hall/Lieberman’s ECONOMICS. Filled with economic data and trends as current as of the most recent headlines, this book uses cutting-edge examples to illustrate core economic theory and its application in action. Comprehensive, yet easy-to-understand, this book equips readers with the solid economic foundation needed for success in any career. Streamlined chapters focus on today’s most important economic theories and events as well as the latest in economic thinking, all while demonstrating how economics is an integrated, powerful body of knowledge to address complex domestic and global issues.

Part I: PRELIMINARIES.
1. What Is Economics?
2. Scarcity, Choice, and Economic Systems.
Part II: MARKETS AND PRICES.
3. Supply and Demand.
4. Working with Supply and Demand.
5. Elasticity.
Part III: MICROECONOMIC DECISION MAKERS.
6. Consumer Choice.
7. Production and Cost.
8. How Firms Make Decisions: Profit Maximization.
Part IV: PRODUCT MARKETS.
9. Perfect Competition.
10. Monopoly.
11. Monopolistic Competition and Oligopoly.
Part V: LABOR, CAPITAL, AND FINANCIAL MARKETS.
12. Labor Markets.
13. Capital and Financial Markets.
Part VI: EFFICIENCY, GOVERNMENT, AND THE GLOBAL ECONOMY.
14. Economic Efficiency and the Competitive Ideal.
15. Government’s Role in Economic Efficiency.
16. Comparative Advantage and the Gains from International Trade.
Part VII: MACROECONOMICS: BASIC CONCEPTS.
17. What Macroeconomics Tries to Explain.
18. Production, Income, and Employment.
19. The Price Level and Inflation.
Part VIII: LONG-RUN MACROECONOMICS.
20. The Classical Long-Run Model.
21. Economic Growth and Rising Living Standards.
Part IX: SHORT-RUN MACROECONOMICS.
22. Economic Fluctuations.
23. The Short-Run Macro Model. Part X: MACROECONOMIC POLICY.
24. Fiscal Policy.
25. Banking and Financial Institutions.
26. Monetary Policy.
27. Aggregate Demand and Aggregate Supply.
28. Inflation and Monetary Policy.
29. Exchange Rates and Macroeconomic Policy.

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Test bank For Economics Principles and Applications 6th Edition by Robert E. Hall