Economics: Private and Public Choice (MindTap Course List) - 16th Edition - by James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson - ISBN 9781305506725
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Economics: Private and Public Choice (M...
16th Edition
James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
Publisher: Cengage Learning
ISBN: 9781305506725

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The components of the aggregate demand are the consumption expenditure, government spending,...According to Keynesian view, the equilibrium output is determined at the point where the aggregate...For discretionary fiscal policy, there will be a problem of appropriate timing which may fail to...The liquidity of an asset refers to its ease and quickness in converting itself into cash without...Money is considered as the medium of exchange for goods and services. The important reasons for...The role of the government and the central bank is necessary to stabilize the economy and achieve...According to the economist Robert Lucas, to achieve the growth of real income, the growth of real...Table-1 shows the data of per person GDP level of different countries in 2014 as follows: Table...Every economy has their own natural resources, which are being used for the production of goods and...The exchange rate is the rate at which the currencies are traded with each other. It can be...The effect of an increase in tuition revenue depends on the price elasticity of demand. Suppose, the...The owners, whose income depends on the profit of the firm, are called as residual income claimants....In the short run, the lower resource price will make profit in the market. This is because in the...The price-searcher markets are those markets with the downward sloping demand curve and with lower...Barriers to entry are crucial for the existence of long run profit. It is because a firm can make...The derived demand is a famous economic concept explains the demand for goods and services is bring...Wage is the income paid to the laborers for using their skill for the process of production. The...Option (a): When the population that saves more increases, it leads to increase the aggregate saving...Income inequality is the unequal distribution of income or wages across various participants in an...The tax will reduce the efficiency because taxes are the burden imposed by the government on its...Social insurance is a government program that provides social security and aid from any losses, such...People can choose a diversified portfolio to get a high return with low risk. If an individual only...According to Keynesian economists, saving is a portion of the disposable income, which is left after...The recession of 2001 induces the Fed to adopt highly expansionary monetary policy. As a part of...During 1920s, the stock market grows up rapidly. It hits the history of growth and achieves its peak...The insurance companies provide third-party insurance, and government provides out-of-pocket...The earnings of women are lower when comparing it with the earnings of men. Employment...When the workers are unionized, the wage rate will increase. This will lead to increase in the cost...If the world were about to run out of a highly valued resource, then the resource is a scarced one....Limits on fishing season is used a measure to control overfishing in the oceans, while this type of...

More Editions of This Book

Corresponding editions of this textbook are also available below:
Economics: Private and Public Choice
17 Edition
ISBN: 9780357133996
Economics: Private and Public Choice (MindTap Course List)
15 Edition
ISBN: 9781285453538
Economics: Private and Public Choice
13 Edition
ISBN: 9780538754279
Bundle: Economics: Private And Public Choice, Loose-leaf Version, 16th + Mindtap Economics, 1 Term (6 Months) Printed Access Card
16 Edition
ISBN: 9781337956666
Economics: Private and Public Choice
16 Edition
ISBN: 9781337642224
14 Edition
ISBN: 9781111970215

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