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8- SUBSTANTIVE POST 50-75 WORDS EACH- Principles of Macroeconomics, 7 EDITION, CHAPTER 16-19
Principles of Macroeconomics, Ch. 16: The Monetary System
- Consider what distinguishes money from other assets in the economy.
- Consider what is commodity money and fiat money, and which kind we use.
- Consider what demand deposits are and why they should be included in the stock of money.
- Consider who is responsible for setting monetary policy in the United States. How is this group chosen?
Principles of Macroeconomics, Ch. 17: Money Growth and Inflation
- Consider how to explain how an increase in the price level affects the real value of money.
- Be able to explain the difference between nominal and real variables and give two examples of each.
- Consider the costs of inflation. Which of these costs do you think are most important for the U.S. economy?
Principles of Macroeconomics, Ch. 18: Open-Economy Macroeconomics — Basic Concepts
- Consider how to define net exports and net capital outflow.
- Consider how to explain the relationship among saving, investment, and net capital outflow.
- Consider how to describe the economic logic behind the theory of purchasing-power parity.
Principles of Macroeconomics, Ch. 19: A Macroeconomic Theory of the Open Economy
- Consider how to describe supply and demand in the market for loanable funds and the market for foreign-currency exchange. How are these markets linked?
- Consider why are budget deficits and trade deficits sometimes called the twin deficits?