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Principles of
Macroeconomics, 9e
CHAPTER 5 Introduction to Macroeconomics
; ; By
Karl E. Case,
Ray C. Fair &
Sharon M. Oster
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CHAPTER 5 Introduction to Macroeconomics
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PART II CONCEPTS AND PROBLEMS
IN MACROECONOMICS
Introduction to
Macroeconomics
5
Prepared by:
Fernando & Yvonn Quijano
2009 Pearson Education, Inc. Publishing as Prentice Hall Principles of Macroeconomics 9e by Case, Fair and Oster
PART II CONCEPTS AND PROBLEMS
IN MACROECONOMICS
Introduction to
Macroeconomics
5
CHAPTER OUTLINE
Macroeconomic Concerns
Output Growth
CHAPTER 5 Introduction to Macroeconomics
Unemployment
Inflation and Deflation
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Introduction to Macroeconomics
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Macroeconomic Concerns
Output growth
Unemployment
CHAPTER 5 Introduction to Macroeconomics
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Macroeconomic Concerns
Output Growth
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Macroeconomic Concerns
Output Growth
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Macroeconomic Concerns
Output Growth
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Macroeconomic Concerns
Output Growth
CHAPTER 5 Introduction to Macroeconomics
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Macroeconomic Concerns
Unemployment
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The Components of the Macroeconomy
(1) households,
CHAPTER 5 Introduction to Macroeconomics
(2) firms,
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The Components of the Macroeconomy
The Circular Flow Diagram
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The Components of the Macroeconomy
The Circular Flow Diagram
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The Components of the Macroeconomy
The Three Market Arenas
Goods-and-Services Market
Labor Market
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The Components of the Macroeconomy
The Three Market Arenas
Money Market
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The Components of the Macroeconomy
The Three Market Arenas
Money Market
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The Components of the Macroeconomy
The Role of the Government in the Macroeconomy
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A Brief History of Macroeconomics
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A Brief History of Macroeconomics
Macroeconomics in
Literature
The underlying phenomena that
economists study are the stuff of
CHAPTER 5 Introduction to Macroeconomics
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The U.S Economy Since 1970
CHAPTER 5 Introduction to Macroeconomics
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The U.S Economy Since 1970
CHAPTER 5 Introduction to Macroeconomics
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The U.S Economy Since 1970
CHAPTER 5 Introduction to Macroeconomics
FIGURE 5.6 Inflation Rate (Percentage Change in the GDP Deflator, Four-Quarter Average),
1970 I2007 IV
Since 1970, inflation has been high in two periods: 1973 IV1975 IV and 1979 I1981 IV. Inflation
between 1983 and 1992 was moderate. Since 1992, it has been fairly low.
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The U.S Economy Since 1970
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REVIEW TERMS AND CONCEPTS
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