Macroeconomics

Capitalism, Socialism, and Democracy

(Schumpeter), 242–243

Capital outflow, net, shifts in, in large

open economies, 160–161, 161f

Capital requirements, 555–556

Capital stock, growth in, steady state

and, 195f –197f, 195–197

Card, David, 171n

Carter, Jimmy, 4

CBO. See Congressional Budget Office

(CBO)

Central America. See also specific countries

settlement of, 235

Central banks, 84

independence of, 459, 460f

Chain-weighted measures of real GDP,

25–27

Chamley, Christophe, 478n

Chari, V. V.,  478n

Chile, Big Mac price and exchange rate

in, 148t

China

Big Mac price and exchange rate in,

148t

direction of flow and, 134

fixing of currency of, 350, 365–366

inflation and money growth in, 92f

intellectual property rights and, 236

investment rate in, 202f

population growth and income per

person in, 215, 215f

standard of living in, 192t

Choi, James J., 521n

Cigarettes, as money in POW camps,

82

Cipolla, Carlo M., 56

Circular flow diagram, 18–20, 19f,

45–46, 46f

Clarida, Richard, 438

Classical dichotomy, 112, 265

Clinton, Bill, 4, 133

government debt under, 470

investment tax credit and, 533

Closed economies, 61

C money supply, 86

Cobb, Charles, 57

Cobb-Douglas production function,

57–59, 59f, 527–528

Cold-turkey solutions, 396

Collective bargaining, wage rigidity

and, 172–174, 173t

Colosio, Luis Donaldo, 359

Commodity money, 81

Common-law systems, 234

Communism, 49

Competitive firm, decisions facing,

50–51

Conditional convergence, 227