CC-BY-NC-SA mirrored here openstax 2022
OpenStax peer-reviewed open textbook.
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· 635 pages
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Concepts this teaches
- Money reference p. 353 2 fact-checked sentence(s) in the drafted guide cite this page, e.g. “dollars as late as 1957 read "Silver Certificate," and the holder could take the bill to a bank and exchange i”
- Price reference p. 400 2 fact-checked sentence(s) in the drafted guide cite this page, e.g. “Even exchange rates are prices in this sense: an exchange rate is the price of one currency expressed in units”
- Inflation reference p. 239 3 fact-checked sentence(s) in the drafted guide cite this page, e.g. “One reason is substitution bias: when a good's price rises, consumers buy less of it and seek out substitutes,”
- Opportunity cost reference p. 47 4 fact-checked sentence(s) in the drafted guide cite this page, e.g. “Selena pays $8 for a movie, realizes after 30 minutes that it is terrible, and gets no refund — but staying st”
- Real vs nominal reference p. 160 3 fact-checked sentence(s) in the drafted guide cite this page, e.g. “GDP measured in the prices of each year rose from about $543 billion to about $20.9 trillion — a factor of mor”