Introduction The objective of this chapter is to move from theory to empiric. Specially, we shall study how macroeconomic policies can be applied to solve practical macroeconomic problems
Chapter 1: The Science of Macroeconomics Chapter 2: The Macroeconomic Variables Part II: Keynesian Macroeconomic Analysis Chapter 3: The Product Market Analysis Chapter 4: The Money Market Analysis Chapter 5: The IS-LM Model
1. Adverse selection(逆向选择) The situation that occurs when the people who are most likely to receive benefits from a certain type of insurance are the ones who are most likely to purchase it