Mankiw SM front matter:front.qxd - University of North ...
嚜燙OLUTIONS
MANUAL
SOLUTIONS
MANUAL
for use with
macroeconomics
eighth edition
N. G R EGORY MAN KI W
Nora Underwood
University of Central Florida
WORTH PUBLISHERS
Solutions Manual
by Nora Underwood
for use with
Mankiw: Macroeconomics, Eighth Edition
? 2013, 2010, 2007, 2003, 2000, 1997, 1994 by Worth Publishers
All rights reserved.
The contents, or parts thereof, may be reproduced for use with
Macroeconomics, Eighth Edition, by N. Gregory Mankiw,
as described in the Preface to this Solutions Manual, but
may not be reproduced in any form for any other purpose
without prior written permission of the publisher.
ISBN 13: 978-1-4641-0510-4
ISBN 10: 1-4641-0510-3
First printing 2012
Printed in the United States of America.
Worth Publishers
41 Madison Avenue
New York, NY 10010
Contents
Preface
vii
Answers to Textbook Questions and Problems
Chapter 1
Chapter 2
Chapter 3
Chapter 4
Chapter 5
Chapter 6
Chapter 7
Chapter 8
Chapter 9
Chapter 10
Chapter 11
Chapter 12
Chapter 13
Chapter 14
Chapter 15
Chapter 16
Chapter 17
Chapter 18
Chapter 19
Chapter 20
1
The Science of Macroeconomics
3
The Data of Macroeconomics
5
National Income: Where It Comes From and Where It Goes
11
The Monetary System: What It Is and How It Works
24
Inflation: Its Causes, Effects, and Social Costs
29
The Open Economy
34
Unemployment
54
Economic Growth I: Capital Accumulation and Population Growth
60
Economic Growth II: Technology, Empirics, and Policy
71
Introduction to Economic Fluctuations
82
Aggregate Demand I: Building the IS每LM Model
91
Aggregate Demand II: Applying the IS每LM Model
101
The Open Economy Revisited: The Mundell每Fleming Model and
the Exchange-Rate Regime
124
Aggregate Supply and the Short-Run Tradeoff Between
Inflation and Unemployment
147
A Dynamic Model of Aggregate Demand and Aggregate Supply
159
Understanding Consumer Behavior
170
The Theory of Investment
184
Alternative Perspectives on Stabilization Policy
190
Government Debt and Budget Deficits
194
The Financial System: Opportunities and Dangers
198
Answers to Selected Student Guide Problems
Chapter 2
Chapter 4
Chapter 5
Chapter 6
Chapter 7
Chapter 8
Chapter 10
Chapter 11
Chapter 12
Chapter 14
Chapter 16
Chapter 17
Chapter 18
Chapter 19
The Data of Macroeconomics
A-1
The Monetary System: What It Is and How It Works
A-2
Inflation: Its Causes, Effects, and Social Costs
A-3
The Open Economy
A-5
Unemployment
A-7
Economic Growth I: Capital Accumulation and Population Growth
Introduction to Economic Fluctuations
A-9
Aggregate Demand I: Building the IS每LM Model
A-10
Aggregate Demand II: Applying the IS每LM Model
A-12
Aggregate Supply and the Short-Run Tradeoff Between
Inflation and Unemployment
A-15
Understanding Consumer Behavior
A-16
The Theory of Investment
A-17
Alternative Perspectives on Stabilization Policy
A-18
Government Debt and Budget Deficits
A-19
A-9
v
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