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PART I: GETTING ACQUAINTED WITH ECONOMICS. 1. What Is Economics? 2. The Economy: Myth and Reality -- 3. The Fundamental Economic Problem: Scarcity and Choice -- 4. Supply and Demand: An Initial Look -- PART II: THE MACROECONOMY: AGGREGATE SUPPLY AND DEMAND. 5. The Realm of Macroeconomics -- 6. The Goals of Macroeconomic Policy -- 7. Economic Growth: Theory and Policy -- 8. Aggregate Demand and the Powerful Consumer -- 9. Demand-Side Equilibrium: Unemployment or Inflation? 10. Supply-Side Equilibrium: Unemployment and Inflation? -- PART III: FISCAL AND MONETARY POLICY. 11. Managing Aggregate Demand: Fiscal Policy -- 12. Money and the Banking System -- 13. Monetary Policy and the National Economy -- 14. The Debate Over Monetary and Fiscal Policy -- 15. Fiscal Policy, Monetary Policy, and Growth -- 16. Inflation and Growth: The Phillips Curve -- PART IV: THE UNITED STATES IN THE WORLD ECONOMY. 17. International Trade and Comparative Advantage -- 18. The International Monetary System: Order or Disorder? 19. Exchange Rates and the Macroeconomy.
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