斯蒂芬·威廉森-宏观经济学第五版答案chapter5.pdfVIP

Chapter 5 A Closed-Economy One-Period Macroeconomic Model  Teaching Goals There are three key points to be learned from this chapter. The first point is that when we allow the consumers and firms that we studied in Chapter 4 to interact with each other and with the government, the economy is able to achieve equilibrium through price adjustment. In this particular case, the “price” is the relative price of leisure, the real wage. The second important point is that the equilibrium that markets settle upon is a favorable one, in the sense of Pareto optimality. This point is in keeping w