ECNOMICS Economic Growth Is Key to Long- Term Living Standards

ECENOMIC S We Now Turn to Money: Its Demand and the Role of Banks in Its Supply

ECENOMIC S National Output Determines the Levels of Consumption and Saving

ECENOMIC S Business fluctuations have been a Persistent Feature of Capitalism

ECENOMIC S Gross domestic product can be measured Either as(a) a Flow of Final Products or Equivalently, as(b) a Flow of Costs 1-153

The Relationship betweenTotal Cost and Marginal Cost

Marginal Product Is Derivedfrom Total Product

Indifference Curves for a Pair of Goods

The Law of Diminishing Marginal Utility

Elastic Demand Shows Large￾Quantity Response to Price Change