1 Introduction to Macroeconomics
2 Measuring the Macroeconomy
3 An Overview of Long-Run Economic Growth
4 A Model of Production
5 The Solow Growth Model
6 Growth and Ideas
7 The Labor Market, Wages, and Unemployment
8 Inflation
9 An Overview of the Short-Run Model
10 The IS Curve
11 Monetary Policy and the Phillips Curve
12 Stabilization Policy and the AS/AD Framework
13 The Global Financial Crisis: Overview
14 The Global Financial Crisis and the Short-Run Model
15 The Government and the Macroeconomy
16 International Trade
17 Exchange Rates and International Finance
18 Parting Thoughts

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Chapter 13: The Global Financial Crisis: Overview

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Review Questions

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    By roughly how much have housing prices fallen during the financial crisis? What about the stock market?

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    How severe is the current recession? What pieces of economic data would you cite to support your answer?

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    What is a balance sheet? What is net worth?

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    What is leverage, and why is it so important in understanding the financial crisis?




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