The Tradeoffs of Trade Policy

By the end of this section, you will be able to:

Microeconomics and Macroeconomics

By the end of this section, you will be able to:

  • Describe microeconomics
  • Describe macroeconomics
  • Contrast monetary policy and fiscal policy

How Banks Create Money

By the end of this section, you will be able to:

Command-and-Control Regulation

By the end of this section, you will be able to:

  • Explain command-and-control regulation
  • Evaluate the effectiveness of command-and-control regulation

Measuring the Size of the Economy: Gross Domestic Product

By the end of this section, you will be able to:

Tracking Real GDP over Time

By the end of this section, you will be able to:

Elasticity in Areas Other Than Price

By the end of this section, you will be able to:

How a Profit-Maximizing Monopoly Chooses Output and Price

By the end of this section, you will be able to:

International Trade and Its Effects on Jobs, Wages, and Working Conditions

By the end of this section, you will be able to:

The Question of a Balanced Budget

By the end of this section, you will be able to:

Using Fiscal Policy to Fight Recession, Unemployment, and Inflation

By the end of this section, you will be able to:

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