1.1 Scarcity: Limited Resources, Unlimited Wants, and Economic Choice
Quiz 1.1
1.2 Opportunity Cost and the PPC: Tradeoffs, Efficiency, and Growth
Quiz 1.2
1.2 Interactive Lab: PPC Workshop
1.3 Comparative Advantage: Gains from Trade and the Terms of Trade
Quiz 1.3
1.3 Interactive Lab: Trade Desk
1.4 Demand: The Law of Demand and What Shifts It
Quiz 1.4
1.4 Interactive Lab: Demand Shifter
1.5 Supply: The Law of Supply and What Shifts It
Quiz 1.5
1.5 Interactive Lab: Supply Shifter
1.6 Market Equilibrium: Shortages, Surpluses, and Simultaneous Shifts
Quiz 1.6
1.6 Interactive Lab: Equilibrium Finder
2.1 The Circular Flow and GDP: Three Ways to Measure Output
Quiz 2.1
2.1 Interactive Lab: In or Out of GDP?
2.2 What GDP Misses: Limits of GDP as a Measure of Well-Being
Quiz 2.2
2.3 Unemployment: Measuring the Labor Force and Its Three Types
Quiz 2.3
2.3 Interactive Lab: Count the Workers
2.4 Price Indices: Building the CPI and Measuring Inflation
Quiz 2.4
2.4 Interactive Lab: Price the Basket
2.5 The Costs of Inflation: Who Gains, Who Loses, and Why
Quiz 2.5
2.6 Real v. Nominal GDP: Deflating with the GDP Deflator
Quiz 2.6
2.6 Interactive Lab: Deflate It
2.7 Business Cycles: Peaks, Troughs, and Output Gaps
Quiz 2.7
2.7 Interactive Lab: Ride the Cycle
3.1 Aggregate Demand: Why the AD Curve Slopes Down and What Shifts It
Quiz 3.1
3.1 Interactive Lab: Shift the AD Curve
3.2 Multipliers: MPC, MPS, and the Spending and Tax Multipliers
Quiz 3.2
3.2 Interactive Lab: Multiplier Workshop
3.3 Short-Run Aggregate Supply: Sticky Wages and Input Prices
Quiz 3.3
3.3 Interactive Lab: Shift the SRAS Curve
3.4 Long-Run Aggregate Supply: Potential Output and the Natural Rate
Quiz 3.4
3.5 AD-AS Equilibrium: Short-Run and Long-Run Outcomes
Quiz 3.5
3.5 Interactive Lab: Find the Equilibrium
3.6 Demand and Supply Shocks: Recession, Demand-Pull, Cost-Push, and Stagflation
Quiz 3.6
3.6 Interactive Lab: Shock Absorber
3.7 Long-Run Self-Adjustment: How Wages and Prices Close Gaps
Quiz 3.7
3.7 Interactive Lab: Back to Potential
3.8 Fiscal Policy: Taxes, Spending, and Transfers in Action
Quiz 3.8
3.8 Interactive Lab: Fiscal Policy Desk
3.9 Fiscal Policy Lags: Discretionary Policy and Its Practical Problems
Quiz 3.9
3.10 Automatic Stabilizers: Built-In Brakes on the Business Cycle
Quiz 3.10
4.1 Financial Assets: Bonds, Stocks, Liquidity, Risk, and Return
Quiz 4.1
4.1 Interactive Lab: Bond Price Seesaw
4.2 Nominal v. Real Interest Rates: Adjusting Returns for Inflation
Quiz 4.2
4.2 Interactive Lab: Take Out the Inflation
4.3 Money: Functions, M1, M2, and the Monetary Base
Quiz 4.3
4.4 Banking and the Expansion of the Money Supply: Reserves and the Multiplier
Quiz 4.4
4.4 Interactive Lab: T-Accounts and the Multiplier
4.5 The Money Market: Money Demand, Money Supply, and the Nominal Interest Rate
Quiz 4.5
4.5 Interactive Lab: Money Market Moves
4.6 Monetary Policy Tools: Open Market Operations, Discount Rate, and Reserve Systems
Quiz 4.6
4.6 Interactive Lab: Central Bank Control Room
4.7 Monetary Policy in Practice: Expansion, Contraction, and Lags
Quiz 4.7
4.8 The Loanable Funds Market: Savers, Borrowers, and Real Interest Rates
Quiz 4.8
4.8 Interactive Lab: Loanable Funds Workshop
5.1 The Policy Mix: Combining Fiscal and Monetary Action in the Short Run
Quiz 5.1
5.1 Interactive Lab: Policy Mix Desk
5.2 The Short-Run Phillips Curve: Trading Inflation for Unemployment
Quiz 5.2
5.2 Interactive Lab: Phillips Curve Lab
5.3 The Long-Run Phillips Curve: Expectations and the Natural Rate
Quiz 5.3
5.3 Interactive Lab: Two-Graph Translator
5.4 Money Growth and Inflation: The Quantity Theory and Money Neutrality
Quiz 5.4
5.4 Interactive Lab: MV = PY Spreadsheet
5.5 Government Deficits and the National Debt: Measuring and Financing
Quiz 5.5
5.6 Crowding Out: Borrowing, Interest Rates, and Private Investment
Quiz 5.6
5.6 Interactive Lab: Crowding Out Lab
5.7 Economic Growth: Productivity, Capital, and Technology
Quiz 5.7
5.7 Interactive Lab: Growth Lab
5.8 Public Policy and Growth: Supply-Side Tools and Their Tradeoffs
Quiz 5.8
