1 Introduction to Macroeconomics
2 Measuring the Macroeconomy
3 An Overview of Long-Run Economic Growth
4 A Model of Production
5 The Solow Growth Model
6 Growth and Ideas
7 The Labor Market, Wages, and Unemployment
8 Inflation
9 An Overview of the Short-Run Model
10 The IS Curve
11 Monetary Policy and the Phillips Curve
12 Stabilization Policy and the AS/AD Framework
13 The Global Financial Crisis: Overview
14 The Global Financial Crisis and the Short-Run Model
15 The Government and the Macroeconomy
16 International Trade
17 Exchange Rates and International Finance
18 Parting Thoughts

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Chapter 6: Growth and Ideas

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Review Questions

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    How are ideas different from objects? What are some examples of each?

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    What is nonrivalry, and how does it lead to increasing returns? In your answer, what role does the standard replication argument play? Is national defense rivalrous or nonrivalrous?

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    Suppose a friend of yours decides to write a novel. Explain how ideas and objects are involved in this process. Where do nonrivalry and increasing returns play a role? What happens if the novel is sold at marginal cost?

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    Explain how nonrivalry leads to increasing returns in the two key production functions of the Romer model.

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    Why is growth accounting useful?




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