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Textbooks / Business / Macroeconomics 2

Macroeconomics 2nd Edition Solutions

Do I need to buy Macroeconomics | 2nd Edition to pass the class?

ISBN: 9780134492056

Macroeconomics | 2nd Edition - Solutions by Chapter

Do I need to buy this book?
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75% of students who have bought this book said that they did not need the hard copy to pass the class. Were they right? Add what you think:

Macroeconomics 2nd Edition Student Assesment

Curtis from Clemson University said

"If I knew then what I knew now I would not have bought the book. It was over priced and My professor only used it a few times."

Textbook: Macroeconomics
Edition: 2
Author: Daron Acemoglu; David Laibson; John List
ISBN: 9780134492056

The full step-by-step solution to problem in Macroeconomics were answered by , our top Business solution expert on 10/03/18, 03:08PM. Since problems from 0 chapters in Macroeconomics have been answered, more than 200 students have viewed full step-by-step answer. Macroeconomics was written by and is associated to the ISBN: 9780134492056. This textbook survival guide was created for the textbook: Macroeconomics, edition: 2. This expansive textbook survival guide covers the following chapters: 0.

Key Business Terms and definitions covered in this textbook
  • diversification

    the reduction of risk achieved by replacing a single risk with a large number of smaller, unrelated risks

  • efficient scale

    the quantity of output that minimizes average total cost

  • equilibrium

    a situation in which the market price has reached the level at which quantity supplied equals quantity demanded

  • implicit costs

    input costs that do not require an outlay of money by the firm

  • imports

    goods produced abroad and sold domestically

  • labor force

    the total number of workers, including both the employed and the unemployed

  • menu costs

    the costs of changing prices

  • monopoly

    a firm that is the sole seller of a product without close substitutes

  • opportunity cost

    whatever must be given up to obtain some item

  • private goods

    goods that are both excludable and rival in consumption

  • productivity

    the quantity of goods and services produced from each unit of labor input

  • quantity theory of money

    a theory asserting that the quantity of money available determines the price level and that the growth rate in the quantity of money available determines the inflation rate

  • real exchange rate

    the rate at which a person can trade the goods and services of one country for the goods and services of another

  • reserve requirements

    regulations on the minimum amount of reserves that banks must hold against deposits

  • signaling

    an action taken by an informed party to reveal private information to an uninformed party

  • total revenue (in a market)

    the amount paid by buyers and received by sellers of a good, computed as the price of the good times the quantity sold

  • trade deficit

    an excess of imports over exports

  • unemployment rate

    the percentage of the labor force that is unemployed

  • union

    a worker association that bargains with employers over wages, benefits, and working conditions

  • union

    a worker association that bargains with employers over wages, benefits, and working conditions