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Part II
Concepts and Problems In
Macroeconomics
Chapter 5
Introduction to
Macroeconomics
CRITICAL THINKING
The Grapes of
1. As we indicate in the introduction to this Wrath, set in the
chapter, macroeconomics focuses on three
early 1930s
concerns. Which of these concerns is covered
in The Grapes of Wrath excerpt?
2. What economics textbook is featured in The
Great Gatsby? Source: From The Grapes of Wrath by John Steinbeck,
copyright 1939, renewed © 1967 by John Steinbeck. Used
Hint: Go to fairmodel.com.yale.edu/rayfair/pdf by permission of Viking Penguin, a division of Penguin
/2000c.pdf. Group (USA) Inc. and Penguin Group (UK) Ltd.
Copyright © 2020 Pearson Education Ltd. All Rights Reserved.
Figure 5.4 Aggregate Output (Real
GDP), 1970 I–2017 IV