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Fundamentals of Economics
, Second Edition
William Boyes, Arizona State University Michael Melvin, Arizona State University
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Chapter Outlines
Chapter 16: Macroeconomic Policy, Business Cycles, and Growth
- The Phillips Curve
- An Inflation-Unemployment Tradeoff?
- Short-Run Versus Long-Run Tradeoffs
- The Role of Expectations
- Expected Versus Unexpected Inflation
- Forming Expectations
- Sources of Business Cycles
- The Political Business Cycle
- Real Business Cycles
- The Link Between Monetary and Fiscal Policies
- Economic Growth
- The Determinants of Growth
- Productivity
Summary/Key Terms/Exercises
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