CONTENTS
Preface = ⅶ
Cross-Reference Key = xi
Part One Macroeconomic Measurement = 1
1 Basic Concepts Quiz = 3
2 National Income Accounts = 13
3 An Introduction to Measurement by Index Numbers = 29
Part Two National Income Determination = 41
4 Basic Concepts Quiz = 43
5 The Consumption Sector = 61
6 The Investment Sector = 73
7 An Economy with a Government Sector = 87
8 Some Variations of Simple Macroeconomic Models = 113
Part Three The Role of Financial Markets = 127
9 Basic Concepts Quiz = 129
10 Commercial Banking and the Federal Reserve System = 137
11 The Demand and Supply of Money = 149
12 Portfolio Notions and the Demand for Financial Assets = 165
13 Interest Yields and Discounting = 175
14 National Debt Policy = 185
Part Four Monetary and Fiscal Policy Issues = 191
15 Basic Concepts Quiz = 193
16 Defining Economic Policy Goals = 201
17 Tools for Analyzing the Effects of Economic Policies = 213
18 Determining Effects of Some Specific Policies = 235
19 Lags in Policy Implementation and Effect = 263
20 Foreign Trade Policy = 269
Part Five Inflation and Economic Growth = 281
21 Basic Concepts Quiz = 283
22 Inflation = 291
23 Growth as a Policy = 301
24 Some Technical Aspects of Modeling Growth = 309
Answers to Odd-Numbered Problems = 321
