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Textbooks / Business / Principles of Macroeconomics 6

Principles of Macroeconomics 6th Edition - Solutions by Chapter

Principles of Macroeconomics | 6th Edition | ISBN: 9780538453066 | Authors: N. Gregory Mankiw

Full solutions for Principles of Macroeconomics | 6th Edition

ISBN: 9780538453066

Principles of Macroeconomics | 6th Edition | ISBN: 9780538453066 | Authors: N. Gregory Mankiw

Principles of Macroeconomics | 6th Edition - Solutions by Chapter

The full step-by-step solution to problem in Principles of Macroeconomics were answered by , our top Business solution expert on 03/16/18, 04:28PM. Since problems from 23 chapters in Principles of Macroeconomics have been answered, more than 2506 students have viewed full step-by-step answer. This expansive textbook survival guide covers the following chapters: 23. Principles of Macroeconomics was written by and is associated to the ISBN: 9780538453066. This textbook survival guide was created for the textbook: Principles of Macroeconomics, edition: 6.

Key Business Terms and definitions covered in this textbook
  • bank capital

    the resources a bank’s owners have put into the institution

  • club goods

    goods that are excludable but not rival in consumption

  • 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

  • efficiency wages

    above-equilibrium wages paid by firms to increase worker productivity

  • efficiency wages

    above-equilibrium wages paid by firms to increase worker productivity

  • equilibrium

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

  • fiscal policy

    the setting of the level of government spending and taxation by government policymakers

  • Giffen good

    a good for which an increase in the price raises the quantity demanded

  • internalizing the externality

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

  • market risk

    isk that affects all companies in the stock market

  • principal

    a person for whom another person, called the agent, is performing some act

  • production possibilities frontier

    a graph that shows the combinations of output that the economy can possibly produce given the available factors of production and the available production technology

  • property rights

    the ability of an individual to own and exercise control over scarce resources

  • 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

  • regressive tax

    a tax for which highincome taxpayers pay a smaller fraction of their income than do low-income taxpayers

  • signaling

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

  • strike

    the organized withdrawal of labor from a firm by a union

  • supply curve

    a graph of the relationship between the price of a good and the quantity supplied

  • union

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

  • unit of account

    the yardstick people use to post prices and record debts

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