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Introduction To Macroeconomics Macro ch5
Introduction To Macroeconomics Macro ch5
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
FIGURE 5.3 The Circular Flow
of Payments
Households receive income from
firms and the government,
purchase goods and services from
firms, and pay taxes to the
government. They also purchase
foreign-made goods and services
(imports). Firms receive payments
CHAPTER 5 Introduction to Macroeconomics
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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 I–2007 IV
Since 1970, inflation has been high in two periods: 1973 IV–1975 IV and 1979 I–1981 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