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Textbooks / Business / Macroeconomics 6

Macroeconomics 6th Edition Solutions

Do I need to buy Macroeconomics | 6th Edition to pass the class?

ISBN: 9780134125954

Macroeconomics | 6th Edition - Solutions by Chapter

Do I need to buy this book?
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78% 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 6th Edition Student Assesment

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"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: 6
Author: R. Glenn Hubbard; Anthony Patrick O'Brien
ISBN: 9780134125954

This expansive textbook survival guide covers the following chapters: 0. Since problems from 0 chapters in Macroeconomics have been answered, more than 200 students have viewed full step-by-step answer. This textbook survival guide was created for the textbook: Macroeconomics, edition: 6. The full step-by-step solution to problem in Macroeconomics were answered by , our top Business solution expert on 10/03/18, 03:08PM. Macroeconomics was written by and is associated to the ISBN: 9780134125954.

Key Business Terms and definitions covered in this textbook
  • adverse selection

    the tendency for the mix of unobserved attributes to become undesirable from the standpoint of an uninformed party

  • agent

    a person who is performing an act for another person, called the principal

  • balanced trade

    a situation in which exports equal imports

  • Coase theorem

    the proposition that if private parties can bargain without cost over the allocation of resources, they can solve the problem of externalities on their own

  • collusion

    an agreement among firms in a market about quantities to produce or prices to charge

  • efficiency

    the property of society getting the most it can from its scarce resources

  • equilibrium

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

  • financial system

    the group of institutions in the economy that help to match one person’s saving with another person’s investment

  • game theory

    the study of how people behave in strategic situations

  • income elasticity of demand

    a measure of how much the quantity demanded of a good responds to a change in consumers’ income, computed as the percentage change in quantity demanded divided by the percentage change in income

  • internalizing the externality

    altering incentives so that people take account of the external effects of their actions

  • libertarianism

    the political philosophy according to which the government should punish crimes and enforce voluntary agreements but not redistribute income

  • marginal product of labor

    the increase in the amount of output from an additional unit of labor

  • monopoly

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

  • normal good

    a good for which, other things being equal, an increase in

  • permanent income

    a person’s normal income

  • political economy

    the study of government using the analytic methods of economics

  • purchasing-power parity

    a theory of exchange rates whereby a unit of any given currency should be able to buy the same quantity of goods in all countries

  • strike

    the organized withdrawal of labor from a firm by a union

  • surplus

    a situation in which quantity supplied is greater than quantity demanded