Macroeconomics For Dummies®, uk edition Published by: John Wiley & Sons, Ltd

Part III: Building a Model of the Economy


Chapter 7: Working Out a Country’s Economic Demand


Looking into What Everyone Wants: Aggregate Demand Meeting the Components of Aggregate Demand Following the Aggregate Demand Curve


Chapter 8: Determining How Much Stuff an Economy Can Produce

Producing What People Demand: Aggregate Supply

Looking at Long-Run Aggregate Supply


Getting to Grips with Short-Run Aggregate Supply


Chapter 9: Using the AD–AS Model to Analyse Shocks to the System


Discovering What the AD–AS Model Does and Doesn’t Explain Delving into Demand-Side Shocks Bumping into Supply-Side Shocks


Part IV: Examining Macroeconomic Policy


Chapter 10: Using Monetary Policy to Influence the Economy


Seeing Monetary Policy in Action


Exerting Control over Inflation


Spotting the Liquidity Trap and Quantitative Easing


Reeling in the Fisher Effect


Chapter 11: Fiscal Policy: Balancing the Books – Perhaps


Delving into Fiscal Policy


Taking in Two Views of Fiscal Policy


Chapter 12: Seeking Low Unemployment and Low


Inflation: The Phillips Curve


Boosting the Economy: A Good Strategy for Low


Unemployment?


Zeroing in on the Short-and Long-Run Phillips Curve Taking Action with Disinflation Policy


Chapter 13: Following Rules or Using Discretion:


Two Approaches to Economic Policy


Introducing the Rules versus Discretion Debate


Discerning the Problems with Discretion


Solving the Problem: Tying Your Hands Voluntarily