Transcription of Macroeconomics - Gunadarma
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Macroeconomics - Gunadarma
MACROECONOMICSThis page intentionally left blankMACROECONOMICSSEVENTH MANKIWH arvard UniversityWorth Publishers Senior Publishers: Catherine Woods and Craig BleyerSenior Acquisitions Editor: Sarah DorgerSenior Marketing Manager: Scott GuileConsulting Editor: Paul ShensaSenior Development Editor: Marie McHaleDevelopment Editor: Jane TuftsAssistant Editor, Media and Supplements: Tom AcoxAssociate Managing Editor: Tracey KuehnProject Editor: Dana KasowitzArt Director: Babs ReingoldCover and Text Designer: Kevin KallProduction Manager: Barbara Anne SeixasComposition: TSI GraphicsPrinting and Binding: RR DonnelleyCover art: Barbara Ellmann WHAT S YOUR ANGLE? Encaustic on Wood Panel 24'' x 24'' 2005 Library of Congress Cataloging-in-Publication Number: 2009924581 ISBN-13: 978-1-4292-1887-0 ISBN-10: 1-4292-1887-8 2010, 2007, 2003 by N. Gregory MankiwAll rights in the United States of AmericaFirst Printing 2009 Worth Publishers41 Madison AvenueNew York, NY the authorN.
FYI The Irrelevance of Bilateral Trade Balances 124 5-2 Saving and Investment in a Small Open Economy 125 Capital Mobility and the World Interest Rate 125 Why Assume a Small Open Economy? 126 The Model 127 How Policies Influence the Trade Balance 128 Evaluating Economic Policy 131 CASE STUDY The U.S. Trade Deficit 131
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