Economics Principles and Policy International Edition 10th Edition by William J. Baumol – Test Bank
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This resource is widely known for employing the Keynesian model in the teaching of economics. In recent editions, the authors have expanded coverage of the growth model significantly to achieve a more balanced approach. The material uses the aggregate supply/ aggregate demand model as a fundamental tool for studying macroeconomics. It strikes a good balance of rigor and detail, presenting complex concepts in a relatively straightforward manner and incorporating current economic data. Through puzzles, issues, and well-crafted examples, the authors provide an excellent blend of theory and application. The Tenth Edition includes Homework Xpress and introduces two new sets of end-of-chapter questions, “Test Yourself” and “Discussion Questions,” to help students prepare for exams.
Author Information
William J. Baumol earned his Bachelor of Social Science degree at the College of the City of New York and his Ph.D. at the University of London. He holds the position of professor of economics at New York University and is a senior research economist and professor emeritus at Princeton University. Dr. Baumol is a frequent consultant to major companies across various industries in the United States and internationally, as well as governmental agencies. He has served as president of the American Economic Association and three other professional societies. Additionally, he is an elected member of the National Academy of Sciences, established by the U.S. Congress, and a member of the American Philosophical Society, founded by Benjamin Franklin. Dr. Baumol has authored over 35 books and hundreds of articles in journals and newspapers, many of which have been translated into multiple languages.
Alan S. Blinder received his Bachelor of Arts from Princeton University, his Master of Arts from the London School of Economics, and his Ph.D. from MIT. He is a professor at Princeton University and the author of the bestseller, “After the Music Stopped,” which discusses the financial crisis and its aftermath. Dr. Blinder served on President Clinton’s initial Council of Economic Advisers and later as vice chairman of the Federal Reserve Board, actively contributing to shaping the fiscal and monetary policies of the 1990s. A regular columnist for THE WALL STREET JOURNAL, Dr. Blinder has written newspaper and magazine columns on economic policy for over three decades. He is a former Vice President and a Distinguished Fellow of the American Economic Association.
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