mankiw7e-chap01.pptVIP

Chapter Summary Economists use different models to examine different issues. Models with flexible prices describe the economy in the long run; models with sticky prices describe the economy in the short run. Macroeconomic events and performance arise from many microeconomic transactions, so macroeconomics uses many of the tools of microeconomics. * * * * * * * * * * * * * * * * * * * * * CHAPTER 1 The Science of Macroeconomics * CHAPTER 1 The Science of Macroeconomics MACROECONOMICS ? 2010 Worth Publishers, all rights reserved S E V E N T H E D I T I O N PowerPoint? Slides by Ron Cron