Chapter 7 outlines the manipulation of U.S. economy and role of government as a manager of the economy through fiscal and monetary policy.

By the end of this section, you will be able to do the following: Discuss why and how inflation expectations are measured, Analyze the impacts of fiscal policy and monetary policy on aggregate supply and aggregate demand. Explain the...

By the end of this section, you will be able to do the following: Understand how fiscal policy and monetary policy are interconnected, Explain the three lag times that often occur when solving economic problems, and Identify the legal...

By the end of this section, you will be able to describe microeconomics, describe macroeconomics, and contrast monetary policy and fiscal policy.

This is a preface to the TEA AP Macroeconomics Textbook online, an OpenStax resource. It provides an overview of the text, instructional materials available, the coverage and scope of the text, and the organization of the text.

This is a list of economics key terms and definitions used in Chapter I: Welcome to Economics! of the TEA AP Macroeconomics online text.