Mankiw's Ten Principles of Economics
GPTKB entity
Statements (20)
| Predicate | Object |
|---|---|
| gptkbp:instanceOf |
set of economic principles
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| gptkbp:author |
gptkb:N._Gregory_Mankiw
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| gptkbp:describedBy |
Principles of Economics (textbook)
|
| gptkbp:field |
Economics
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| gptkbp:firstPublished |
1997
|
| https://www.w3.org/2000/01/rdf-schema#label |
Mankiw's Ten Principles of Economics
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| gptkbp:numberOfRooms |
10
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| gptkbp:principle |
Prices rise when the government prints too much money
Governments can sometimes improve market outcomes People face trade-offs People respond to incentives Rational people think at the margin Trade can make everyone better off A country's standard of living depends on its ability to produce goods and services Markets are usually a good way to organize economic activity The cost of something is what you give up to get it Society faces a short-run trade-off between inflation and unemployment |
| gptkbp:usedIn |
economics education
|
| gptkbp:bfsParent |
gptkb:Nicholas_Gregory_Mankiw
|
| gptkbp:bfsLayer |
7
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