01432pam a2200241 a 45000010008000000030004000080050017000120080041000290100017000700200032000870400018001190500016001370820012001531000020001652450070001852500012002552600048002673000048003155040051003635050732004146500015011467000029011612125548OSt20210414113905.0970709s1998    mauab    b    001 0 eng    a   97027679   a0256246513 (acidfree paper)  aDLCcDLCdDLC00aHB171.5.W2300a3302211 aWalton, Gary M.10aUnderstanding economics today /cGary M. Walton, Frank C. Wykoff.  a6th ed.  aBoston, Mass. :bIrwin/McGraw-Hill,cc1998.  axvi, 496 p. bcol. ill., col. map ;c24 cm.  aIncludes bibliographical references and index.  aContents: The Economics of personal and social choice -- Scarcity and the economic problem -- The First law economics -- Shortage, surplus and prices -- Production, profits and marginal analysis -- Competition and monopoly -- Jobs and wages -- Market failure and government failure -- Trade among nations -- National economic problems: Stagnation, inflation, unemployment and competitiveness -- Overview of national economy: Cycles and the circular flow model -- Government fiscal actions and the pace of the economy -- Money,money,money -- The Fed and the money supply -- Why economist disagree -- Inflation and unemployment --  Stagnation -- Issues and stabilization on policy -- The Exchange rate and the balance of payment. 0aEconomics.1 aWykoff, Frank C.,d1942-