TITLE : MACROECONOMICS.

 
Contents
 
Part One
Introduction 1
1. Economics and Economic Issues 3
2. Scarcity, Choice, and the Economic Problem	21
3. The Nature of the Mixed Economy 43
4. Supply, Demand, and Price Determination	63
 
Part Two
Aggregate Income, Employment, and Fiscal Policy
5. Measuring National Income and Product	91
6. Economic Fluctuations, Unemployment, and Inflation 113
7. Building Blocks of Income and Employment Theory: Consumption, 	
   Saving, and Investment 137
8. Determining Total Income, Output, and Employment	165
9. Government Spending, Taxation, and Fiscal Policy	197
 
Part Three
Money, Banking, and Monetary Policy 223
10. The Nature and Functions of Money and Banking	225
11. Banks, Money Creation, and the Role of the
    Federal Reserve System	247
12. The Role of Money in Income Determination 275
 
Part Four
Inflation, Unemployment, Economic Stability, and Growth	297
13. Monetary and Fiscal Policy: Keynesian and Monetarist Views 299
14. Inflation, Unemployment, and the Dilemma of Stagflation 323
15. Guidelines, Controls, Indexing, and Jobs 351
16. Economic Growth	375
 
Part Five
International Economics and World Trade 401
17. International Trade and the National Economy 403
18. Balance of Payments, Exchange Rates, and the International
    Financial System 429
 
 
Glossary 457
 
Index	465