qThis carefully constructed textbook empowers the reader with an understanding of fundamental economic concepts. There are 31 qone-conceptq chapters. Each short chapter highlights one economic principle. The student can study one concept and be reinforced by the learning process before proceeding to another. The writing is lucid and at the student's level. Self-review exercises conclude each chapter. The text is well integrated to show the relationship among the basic concepts and to offer a comprehensive overview of economics. The one-concept chapters provide organizational flexibility for the instructor. There are eight modules: The Economic Problem; Price Determination; Behind the Supply Curve; Measuring the Economy, The Level of Income; Money; Trade; Conclusion.q--Editor.The answer is whatever is not spent; the amount spent is MPC. Thus the ... The MPS answers the question how much does saving rise if income goes up by one dollar. ... S, l Figure 24-18 Equilibrium Equilibrium will occur where saving and.
|Author||:||Arleen J. Hoag, John H. Hoag|
|Publisher||:||World Scientific - 2006-01-01|