Page 7 - Economics

CONFIRMING PAGES

1.2 The Production Possibilities Curve 12
2.2 The Circular Flow Diagram 39
3.6 Equilibrium Price and Quantity 54
8.2 (a) Consumption and (b) Saving Schedules 149
8.5 The Investment Demand Curve 155
9.2 Equilibrium GDP 170
9.7 Recessionary and Inflationary
Expenditure Gaps 180
10.6 The Equilibrium Price Level and
Equilibrium Real GDP 197

14.1 The Demand for Money, the Supply of
Money, and the Equilibrium Interest Rate 260
14.5 Monetary Policy and Equilibrium GDP 270
14.6 The AD-AS Theory of the Price Level,
Real Output, and Stabilization Policy 276
19.1 Total and Marginal Utility 361
20.2 The Law of Diminishing Returns 383
20.5 The Relationship of the Marginal-Cost
Curve to the Average-Total-Cost and
List of Key Graphs Average-Variable-Cost Curves 388
20.8 The Long-Run Average-Total-Cost Curve:
Unlimited Number of Plant Sizes 391
21.3 Short-Run Profit Maximization for a
Purely Competitive Firm 407

21.6 The P MC Rule and the Competitive
Firm’s Short-Run Supply Curve 410
21.12 Long-Run Equilibrium: A Competitive
Firm and Market 417
22.4 Profit Maximization by a Pure Monopolist 430
23.1 A Monopolistically Competitive Firm:
Short Run and Long Run 447
23.4 The Kinked-Demand Curve 456

26.3 Labor Supply and Labor Demand in
(a) a Purely Competitive Labor Market and
(b) a Single Competitive Firm 509
35.2 Trading Possibility Lines and the Gains
from Trade 680
36.1 The Market for Foreign Currency
(Pounds) 702

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