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The Economy Today is noted for three great strengths: readability, policy orientation, and pedagogy. The accessible writing style engages students and brings some of the excitement of domestic and global economic news into the classroom. Schiller emphasizes how policymakers must choose between government intervention and market reliance to resolve the core issues of what, how, and for whom to produce. This strategic choice is highlighted throughout the full range of micro, macro, and international issues, and every chapter ends with a policy issue that emphasizes the markets vs. government dilemma. The authors teach economics in a relevant context, filling chapters with the real facts and applications of economic life. Schiller is also the only principles text that presents all macro theory in the single consistent context of the AS/AD framework.

Test bank for The Economy Today 14th Edition by Schiller and Hill

Test bank for The Economy Today 14th Edition by Schiller and Hill

Table of Contents:

Chapter 1. Economics: The Core Issues

Chapter 2. The U.S. Economy: A Global View

Chapter 3. Supply and Demand

Chapter 4. The Role of Government

Chapter 5. National Income Accounting

Chapter 6. Unemployment

Chapter 7. Inflation

Chapter 8. The Business Cycle

Chapter 9. Aggregate Demand

Chapter 10. Self-Adjustment or Instability?

Chapter 11. Fiscal Policy

Chapter 12. Deficits and Debt

Chapter 13. The Federal Reserve System

Chapter 14. Monetary Policy

Chapter 15. Supply-Side Policy: Short-run Options

Chapter 16. Growth and Productivity: Long-run Possibilities

Chapter 17. Theory versus Reality

Chapter 18. Consumer Choice

Chapter 19. Elasticity

Chapter 20. The Costs of Production

Chapter 21. The Competitive Firm

Chapter 22. Competitive Markets

Chapter 23. Monopoly

Chapter 24. Oligopoly

Chapter 25. Monopolistic Competition

Chapter 26. Natural Monopolies: (De)Regulation?

Chapter 27. Environmental Protection

Chapter 28. The Farm Problem

Chapter 29. The Labor Market

Chapter 30. Labor Unions

Chapter 31. Financial Markets

Chapter 32. Taxes: Equity versus Efficiency

Chapter 33. Transfer Payments: Welfare and Social Security

Chapter 34. International Trade

Chapter 35. International Finance

Chapter 36. Global Poverty

Product details

Language: English
ISBN-10:  0078021863

ISBN-13:   978-0078021862                      9780078021862

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Test bank for The Economy Today 14th Edition by Schiller and Hill