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Texas Gateway: Chapter 5: How Well Gdp Measures the Well Being of Society
By the end of this section, you will be able to discuss how productivity influences the standard of living, explain the limitations of GDP as a measure of the standard of living, and analyze the relationship between GDP data and...
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Texas Gateway: Chapter 5: Comparing Gdp Among Countries
By the end of this section, you will be able to explain how GDP can be used to compare the economic welfare of different nations, calculate the conversion of GDP to a common currency by using exchange rates, and calculate GDP per capita...
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Texas Gateway: Ch. 18: Balance of Trade Concerns
By the end of this section, you will be able to do the following: Explain the meaning of trade balance and its implications for the foreign exchange market, Analyze concerns over international trade in goods and services and...
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Texas Gateway: Ch. 18: Causes of Inflation in Various Countries and Regions
By the end of this section, you will be able to do the following: Identify the causes and effects of inflation in various economic markets and Explain the significance of a converging economy.
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Texas Gateway: Ch. 18: Causes of Unemployment Around the World
By the end of this section, you will be able to do the following: Explain the nature and causes of unemployment, Analyze the natural rate of unemployment and the factors that affect it, and Identify how undeveloped labor markets can...
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Texas Gateway: Ch. 18: Improving Countries' Standards of Living
By the end of this section, you will be able to do the following: Analyze the growth policies of low-income countries seeking to improve standards of living; Analyze the growth policies of middle-income countries, particularly the East...
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Texas Gateway: How Economies Can Be Organized: An Overview of Economic Systems
By the end of this section, you will be able to contrast traditional economies, command economies, and market economies; explain gross domestic product (GDP); and assess the importance and effects of globalization.
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Texas Gateway: Chapter 4: Introduction to Labor and Financial Markets
This is an introduction to labor and financial markets including the following: Demand and supply at work in labor markets, demand and supply in financial markets, and the market system as an efficient mechanism for information.
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Texas Gateway: Chapter 4: Labor and Financial Markets: Review Questions
This is a list of eight review study questions covering the information in Chapter 4: Labor and Financial Markets.
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Texas Gateway: Chapter 6: The Relatively Recent Arrival of Economic Growth
By the end of this section, you will be able to do the following: Explain the conditions that have allowed for modern economic growth in the last two centuries and analyze the influence of public policies in the long-run economic growth...
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Texas Gateway: Chapter 6: Economic Growth: Key Concepts and Summary
This section summarizes each of the key concepts discussed in Chapter 6: Economic Growth.
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Texas Gateway: Chapter 11: Introduction to the Keynesian Perspective
In this chapter, you will learn about the following: Aggregate demand in Keynesian analysis, the building blocks of Keynesian analysis, the expenditure-output or Keynesian cross model, the Phillips curve, the Keynesian perspective on...
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Texas Gateway: Chapter 13: Introduction to Money and Banking
In this chapter, you will learn about the following: Defining money by its functions; Measuring money-currency; M1, and M2; The role of banks; and How banks create money.
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Texas Gateway: Ch. 13: Money and Banking: How Banks Create Money
By the end of this section, you will be able to do the following: Utilize the money multiplier formulate to determine how banks create money, analyze and create T-account balance sheets, evaluate the risks and benefits of money and banks.
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Texas Gateway: Ch. 13: Money and Banking: The Role of Banks
By the end of this section, you will be able to do the following: Explain how banks act as intermediaries between savers and borrowers; evaluate the relationship between banks, savings and loans, and credit unions; and analyze the causes...
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Texas Gateway: Ch. 13: Money and Banking: Measuring Money: Currency, M1, and M2
By the end of this section, you will be able to do the following: Contrast M1 money supply and M2 money supply and classify monies as M1 money supply or M2 money supply.
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Texas Gateway: Ch. 14: How a Central Bank Executes Monetary Policy
By the end of this section, you will be able to do the following: Explain the reason for open market operations, evaluate reserve requirements and discount rates, and interpret and show bank activity through balance sheets.
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Texas Gateway: Ch. 14: The Federal Reserve Banking System and Central Banks
By the end of this section, you will be able to do the following: explain the structure and organization of the U.S. Federal Reserve and discuss how central banks impact monetary policy, promote financial stability, and provide banking...
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Texas Gateway: Ch. 14: Introduction to Monetary Policy and Bank Regulation
In this chapter, you will learn about the following: The Federal Reserve banking system and central banks, bank regulation, how a central bank executes monetary policy, monetary policy and economic outcomes, and the pitfalls for monetary...
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Texas Gateway: Ch. 17: How Government Borrowing Affects Private Saving
By the end of this section, you will be able to do the following: Apply Ricardian equivalence to evaluate how government borrowing affects private saving and Interpret a graphic representation of Ricardian equivalence.
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Texas Gateway: Ch. 17: Introduction to the Impacts of Government Borrowing
In this chapter, you will learn about the following: How government borrowing affects investment and the trade balance, Fiscal policy, investment, and economic growth, How government borrowing affects private saving, and Fiscal policy...
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Texas Gateway: Ch. 16: Government Budgets: The Question of a Balanced Budget
By the end of this section, you will be able to do the following: Understand the arguments for and against requiring the U.S. federal budget to be balanced and Consider the long-run and short-run effects of a federal budget deficit.
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Texas Gateway: Ch. 16: Practical Problems With Discretionary Fiscal Policy
By the end of this section, you will be able to do the following: Understand how fiscal policy and monetary policy are interconnected, Explain the three lag times that often occur when solving economic problems, and Identify the legal...
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Texas Gateway: Ch. 16: Government Budgets & Fiscal Policy: Automatic Stabilizers
By the end of this section, you will be able to do the following: Describe how discretionary fiscal policy can be used by the federal government to stabilize the economy, Identify examples of automatic stabilizers, and Understand how a...