Solutions Manual Macroeconomics 5th Edition R. Glenn Hubbard, Anthony Patrick O’Brien

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Solutions Manual Macroeconomics 5th Edition R. Glenn Hubbard, Anthony Patrick O’Brien

For Principles of Macroeconomics courses at two- and four-year colleges and universities

Reveal the relevance of economics through real-world business examples

One of the challenges of teaching Principles of Macroeconomics is fostering interest in concepts that may not seem applicable to students’ lives. Macroeconomics, Fifth Edition makes economics relevant by demonstrating how real businesses use economics to make decisions every day. Regardless of their future career path–opening an art studio, trading on Wall Street, or bartending at the local pub–students will benefit from understanding the economic forces behind their work.

This program provides a better teaching and learning experience–for you and your students. It will help you to:

• Personalize learning with MyEconLab: This online homework, tutorial, and assessment program fosters learning and provides tools that help instructors to keep students on track.

• Show students how economics is relevant: Relatable features ground course material in the real world, showing students how these ideas are relevant and facilitating understanding.

• Foster thorough understanding via a flexible, student-focused approach: An engaging, captivating writing style and student-friendly learning aids motivate and engage students.

ISBN-13: 978-0133455496

ISBN-10: 0133455491

Table Of Content:

Part 1: Introduction

Chapter 1 Economics: Foundations and Models 1

Appendix: Using Graphs and Formulas 11

Chapter 2 Trade-offs, Comparative Advantage, and the Market System 25

Chapter 3 Where Prices Come From: The Interaction of Demand and Supply 43

Chapter 4 Economic Efficiency, Government Price Setting, and Taxes 69

Appendix: Quantitative Demand and Supply Analysis 76

Chapter 5 The Economics of Health Care 97

Part 2: Firms in the Domestic and International Economies

Chapter 6 Firms, the Stock Market, and Corporate Governance 115

Appendix: Tools to Analyze Firms’ Financial Information 125

Chapter 7 Comparative Advantage and the Gains from International Trade 139

Part 3: Macroeconomic Foundations and Long-Run Growth

Chapter 8 GDP: Measuring Total Production and Income 159

Chapter 9 Unemployment and Inflation 179

Chapter 10 Economic Growth, the Financial System, and Business Cycles 207

Chapter 11 Long-Run Economic Growth: Sources and Policies 227

Part 4: Short-Run Fluctuations

Chapter 12 Aggregate Expenditure and Output in the Short Run 249

Appendix: The Algebra of Macroeconomic Equilibrium 262

Chapter 13 Aggregate Demand and Aggregate Supply Analysis 275

Appendix: Macroeconomic Schools of Thought 286

Part 5: Monetary and Fiscal Policy

Chapter 14 Money, Banks, and the Federal Reserve System 299

Chapter 15 Monetary Policy 323

Chapter 16 Fiscal Policy 351

Appendix: A Closer Look at the Multiplier 366

Chapter 17 Inflation, Unemployment, and Federal Reserve Policy 383

Part 6: The International Economy

Chapter 18 Macroeconomics in an Open Economy 405

Chapter 19 The International Financial System 429

Appendix: The Gold Standard and the Bretton Woods System 435

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