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PART I: INTRODUCTION. 1. Scarcity and Choice. PART II: THE MICROECONOMY. 2. Market Transactions: Demand and Supply Analysis. 3. Demand and Supply Applications. 4. Production and the Costs of Production. 5. Competition and Monopoly: Virtues and Vices. 6. Imperfect Competition. 7. Labor Market Issues. 8. Government and Markets. PART III: THE MACROECONOMY. 9. The Mixed Economy of the United States. 10. Gross Domestic Product and Economic Growth. 11. The Business Cycle, Unemployment, and Inflation. 12. Macroeconomic Instability: Aggregate Demand and Aggregate Supply. 13. Fiscal Policy and the Federal Budget. 14. Money and the Banking System. 15. The Federal Reserve and Monetary Policy. PART IV: THE INTERNATIONAL ECONOMY. 16. The United States and the Global Economy. 17. International Finance. 18. Economic Systems and Developing Countries.
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