Readable, practical, and interesting, SURVEY OF ECONOMICS, 9E gives you the tools you need to understand the impact of economics in your own world. This popular book presents the basics of economics in the context of real-world situations to show you how economic issues play out at national and international levels. This thoroughly updated, new edition addresses intriguing topics in todayas economics, such as the federal deficit and national debt, income levels and fair pay for females, social networking sites, and gasoline prices. Interactive learning features and self-study tools guide you through the learning process and make studying easier. SURVEY OF ECONOMICS, 9E provides a solid understanding of basic economic principles that equips you to make more informed decisions as both a professional and a consumer. Important Notice: Media content referenced within the product description or the product text may not be available in the ebook version.4. If nominal wages and salaries are fixed as firms. incomes fall and the economy self-corrects to a lower price level at full-employment real GDP. ... In the first quarter of 2009, aggregate demand decreased to $11.3 trillion, and the price level rose to 213. Draw a graph of this recession. Sample. Quiz. 1. One reason for the short-run aggregate supply curve (SRAS) is ... Both answers a. and b. are correct. e.
|Title||:||Survey of Economics|
|Publisher||:||Cengage Learning - 2014-12-30|