Transcription of Macroeconomics - Irfan Lal
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Macroeconomics - Irfan Lal
Macroeconomics . This page intentionally left blank S E V E N T H E D I T I O N. Macroeconomics . N. GREGORY MANKIW. Harvard University Worth Publishers Senior Publishers: Catherine Woods and Craig Bleyer Senior Acquisitions Editor: Sarah Dorger Senior Marketing Manager: Scott Guile Consulting Editor: Paul Shensa Senior Development Editor: Marie McHale Development Editor: Jane Tufts Assistant Editor, Media and Supplements: Tom Acox Associate Managing Editor: Tracey Kuehn Project Editor: Dana Kasowitz Art Director: Babs Reingold Cover and Text Designer: Kevin Kall Production Manager: Barbara Anne Seixas Composition: TSI Graphics Printing and Binding: RR Donnelley Cover 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 Mankiw All rights reserved. Printed in the United States of America First Printing 2009.
x | Contents CASE STUDY Trends in Labor-Force Participation 38 The Establishment Survey 39 2-4 Conclusion: From Economic Statistics to Economic Models 40 part II Classical Theory: The Economy in the Long Run 43
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