Study Guide to Accompany Samuelson-Nordhaus Economics

aggregate demand aggregate supply amount assets average cost bank billion capital Chapter climb commodity constant consumer consumption function countries decrease Definition demand curve deposits diminishing returns dollar earnings economic economists effect efficiency elasticity equal equilibrium expected expenditure exports factor fall Federal Reserve Figure firm given graph growth higher horizontal illustrate increase indicated inelastic inertial inflation inflation input interest rate investment Keynesian labor less liability loans long-run lower marginal cost marginal product marginal revenue marginal utility ment monetary policy money supply monopoly move output panel percent perfect competition Phillips curve position potential GNP profit purchase quantity demanded ratio real GNP reduce result returns to scale rise saving schedule sell shift short-run slope suppliers supply curve Suppose Table tariff theory tion trade U.S. dollar unemployment units variable vertical workers zero