EBOOK: EconomicsSamuelson's text was first published in 1948, and it immediately became the authority for the principles of economics courses. The book continues to be the standard-bearer for principles courses, and this revision continues to be a clear, accurate, and interesting introduction to modern economics principles. Bill Nordhaus is now the primary author of this text, and he has revised the book to be as current and relevant as ever. |
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aggregate demand aggregate supply analysis assets average billion budget business cycles calculate capital capital deepening central bank chapter commodity consumer consumption countries currency decline deficit demand curve determined dollar domestic earnings economic growth economists effect efficient equal equilibrium example exchange rate expenditures exports factors Federal Reserve Figure firms fiscal policy foreign exchange impact imperfect competition important increase industry inflation inputs investment labor land long-run lower macroeconomic major marginal cost marginal product marginal revenue marginal utility measure ment monetary policy monopoly NAIRU nomic percent Phillips curve potential output price level profits quantity demanded ratio real GDP real interest rate reduce rise saving sell shift short run shows slope social spending supply and demand supply curve Table tariffs theory tion trade U.S. dollars United variable workers