Instructor’s Manual – Chapter 2
Nickels/McHugh/McHugh Understanding Business 12e
Revisions: Statistical data and examples throughout the chapter were updated to reflect current information. In addition:
Subsection “Gross Domestic Product” was enhanced with a brief description of the underground economy.
Subsection “Stabilizing the Economy through Fiscal Policy” was enhanced with a brief identification of entitlements.
Figure 2.4 was redesigned.
Deletions:
Name that Company
Subsection “Fiscal Policy in Action during an Economic Crisis” (the key term Keynesian economic theory was moved to the subsection “Stabilizing the Economy through Fiscal Policy”).
Boxes: Making Ethical Decisions, Spotlight on Small Business, and Reaching Beyond Our Borders
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Instructor’s Manual – Chapter 2 | Nickels/McHugh/McHugh Understanding Business 12e | © 2019 by McGraw Hill Education