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- Mankiw, N. Gregory (Author)
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- 470 Pages - 01/19/2011 (Publication Date) - Cengage Learning (Publisher)
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- Mankiw, N. Gregory (Author)
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- 400 Pages - 02/06/2006 (Publication Date) - South-Western College Pub (Publisher)
- Used Book in Good Condition
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- 416 Pages - 01/19/2011 (Publication Date) - Cengage Learning (Publisher)
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FAQ:
Q: What are the 10 principles of Economics?
A: Gregory Mankiw in his Principles of Economics has outlined Ten Principles of Economics that we will replicate. They are: People face trade-offs. The cost of something is what you give up to get it. Rational people think at the margin. People respond to incentives. Trade can make everyone better off.
Q: What is the formula for macroeconomics?
A: Key Formulas in Macroeconomics GDP = C + I + G + Xn: The expenditure approach to measuring GDP GDP = W + I + R + P: The income approach to measuring GDP Calculating nominal GDP: The quantity of various goods produced in a nation times their current prices, added together. GDP deflator : A price index used to adjust nominal GDP to arrive at real GDP.
Q: What are the types of macroeconomics?
A: The three main types of government macroeconomic policies are fiscal policy, monetary policy and supply-side policies. Other government policies including industrial, competition and environmental policies. Price controls, exercised by government, also affect private sector producers.
Q: What is the study of macroeconomics?
A: What It Is. Macroeconomics involves the study of aggregate factors such as employment, inflation, and gross domestic product, and evaluating how they influence the economy as a whole.